Believe it or not, investor's positioning on equities is still not over-extended.
Deutsche Bank: "Notably, while investor sentiment has risen meaningfully over the last 6 weeks, positioning in our reading has not yet followed, with discretionary investors are still holding cautiously near neutral (0.09sd, 51st percentile). Systematic strategy positioning though is higher (0.71sd, 82nd percentile)." Source: DB, TME
Long EM. Short US large caps.
Is the Dalio playbook about to break out? Source: Trend Spider
VIX seasonality is about to kick in right here...
Source: Equity clock, The Market Ear
The defense squeeze
European aero and defense index, SXPARO, has surged by some 13% YTD. The squeeze has been absolutely huge since the start of the week, with RSI now trading at 80! Source: The Market Ear, LSEG Workspace
President Trump says he is banning dividends and buybacks for Defense companies.
📉 $LMT | $RTX | $NOC | $GD Source: Trend Spider
President Trump announces steps to ban large institutional investors from buying single-family homes.
"People live in homes, not corporations." Blackstone shares are tumbling. Source: Brew markets
From Mag7 to Lag7...
Mag7 stocks have significantly lagged the rest of the market in 2026 so far... The S&P 493 is up 2.5% YTD, Mag7 -0.6%... Source: www.zerohedge.com, Bloomberg
Nvidia CEO said yesterday that the “Memory Bottleneck is Severe”
SK Hynix ($330B) $MU ($355B) Samsung ($595B). Wait and see the look on everyone’s face when they find out the entire AI buildout will be bottlenecked by the tiny $AXTI ($1B) after the China’s new export controls. Source: Serenity @aleabitoreddit
