Traders Have Stacked Their Chips Ahead of 2 Risky Events
There is risk of fireworks and price squeezes as the stock market prices in the best of our current scenario, and the Treasury market prices in the worst.
Ironically, at a time in which the payroll report and politics are least predictable, it appears as though traders have placed large bets heading into the event risk (payroll report and stimulus bill). According to the latest COT (Commitments of Traders) report issued by the CFTC (Commodity Futures Trading Commission) futures speculators are holdi...
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