The lone San Francisco Denny’s holdout has finally shut it doors. You probably know why. The San Francisco Gate reports the SF Denny’s that was once California’s most expensive has closed.

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

I continue to think Eli Lilly is insanely overvalued. Considering the stock has stalled for two solid weeks, maybe people are beginning to rethink this.

Right here and now, both the equity and bond markets are in disagreement with the fed funds futures traders. Incidentally, the beginning of an easing cycle historically is not equity-friendly.