The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen shows that "smart money" hedgers mostly maintained their recent positions, adding a bit more to their long dollar, short euro and franc exposures. They reversed a tiny bit of their large long position in corn, while selling sugar aggressively. They only just started covering a large short in 10-year Treasuries. Curiously, they continue to buy major index equity futures. They're back to a nearly $40 billion net long position. This should be a major positive for stocks, as it has been for the past decade. The biggest worry, as it has been for weeks on end, is that this behavior is so out of character, which makes it a bit more difficult to rely upon.