Basis Edge
Futures spreads, funding, premium/discount
Equity Futures Basis Discounts Signal Persistent Downside Pressure
Equity Index Basis Snapshot ES futures closed at 7359.5 against cash at 7362.57 which means a 3.07 point discount formed because real money accounts showed…
Equity Futures Premiums at 45 Points Confirm Growth Carry
Equity Futures Premium Snapshot S&P 500 futures at 7,733.75 stand 45.13 points above cash at 7,688.62 which means the positive basis prices in continued upside…
Equity Basis Narrows to 33.48 on S&P as Tech Holds 207.54 Premium
Equity Futures Basis Snapshot S&P 500 futures trade at 7602.75 against spot 7569.27 which means a 33.48 point positive basis and raises carry cost for…
ES Basis at 42 Points Holds Carry Despite Commodity Split
Equity Futures Basis Snapshot ES futures sit at 7584.5 against the cash close of 7542 which means the 42.5 point premium keeps near-term carry intact…
Equity Futures Basis Stays Positive After 1.8% Cash Drop
Futures Basis Snapshot S&P 500 futures at 7,614.5 sit 34.43 points above cash 7,580.07 which means the basis remains positive yet both fell 1.8% because…
Futures Basis Shows Tech Rotation at 7,710 with NQ 184-Point Discount
Equity Index Futures Basis Snapshot ES futures at 7,710.0 sit 10.39 points below the cash print of 7,720.39 which means limited real-money conviction for higher…
Mixed Equity Basis Narrows Carry Signal on Session
Equity Index Futures Basis Snapshot S&P 500 futures at 7760.75 sit 16.77 points above cash 7743.98 which means positive basis priced for carry yet the…
Equity Basis Narrows Slightly on Tech-Led Gains and Copper Strength
Equity Index Futures Premiums ES futures trade at 7756.75 which sits 34 points above the cash print at 7722.60 and therefore embeds the front-month carry…
Nasdaq Leads Equity Basis at 194 Point Premium
Equity Futures Premiums by Contract S&P 500 E-mini futures trade at 7714.5 which sits 37.7 points above the cash index at 7676.8 and therefore generates…
Equity Basis Holds Positive Despite 1.09% SPX Cash Drop
Futures Basis Snapshot ES futures at 7780.5 trade 121 points above spot 7659.44 which means positive basis reflecting carry cost in the front contract. NQ…