The market, in context.

Two reporting clocks. SEC fundamentals describe businesses over their reported fiscal periods. CFTC reports describe positions at a weekly report date. They are complementary observations, with different coverage and timing.

Universe. The prepared SEC issuer universe supplies the coverage; only loaded companies contribute to the figures. Each issuer has one primary sector. Industry counts use reported SEC SIC codes. Coverage lists and source links are available above.

Sector calculations. Means and medians use equal company weights and exclude missing values separately for every metric. Revenue growth compares compatible prior-year periods. TTM flows, annual flows, and latest reported balances are kept distinct. Fiscal ends vary. Sector Performance describes business fundamentals, not stock-price returns, GDP, or the whole economy.

Comparability. Revenue can change through pricing, volume, currency translation, or acquisitions. Banks and broker-dealers use net revenue after interest expense where reported. Rental REITs without a tagged total may use reported lease revenue, excluding non-lease income; the company directory identifies these bases. Insurers and industrial businesses have different revenue, cash-flow, and capital structures. Ratios across those sectors need that context.

Positioning. Official futures-only TFF and Disaggregated reports retain their own participant categories. Net positions are scaled by each contract’s open interest; contracts are never added across markets. A long or short position is not a forecast, capital flow, or automatic investment signal. CFTC report documentation ↗

Timing. Report dates and metric coverage accompany the observations. The SEC universe uses scheduled prepared snapshots; unavailable values remain unavailable. An old report is not made current by recalculating its ratios.