According to data captured in Charles Schwab’s most recent Trading Services Sentiment Survey, only 10% of traders say they have a bearish outlook for the next three to six months.
We are watching the MAR14/JUN14 Natural gas spread, which has recently exploded. We believe this may be approaching overbought levels.
The dollar strengthened to a five year high against the yen on optimism U.S. economic growth will outperform Japan’s next year.
The CFTC today announced that the members of the Commission have unanimously elected Commissioner Mark P. Wetjen to serve as Acting Chairman upon the end of Chairman Gary Gensler’s service.