COT positioning is lopsided: Euro FX shorts sit at the 0th percentile of their two-year range and Swiss franc shorts at the 4th, while E-mini Nasdaq 100 longs sit at the 97th. The 30-Year auction on 8 October graded B+ with a 72.32 percent foreign bid, so the long end did not break. If those currency shorts and the Nasdaq long unwind before the 9 December FOMC, positioning matters more than the data.