1 Mar 2024
Active Funds are underweight all of the S&P 500's largest 10 stocks except for Alphabet $GOOGL. The underweights are most likely driven by diversification / regulatory rules
Source: Bloomberg
25 Jan 2024
Depressed China
China as % of global net exposure is at the lowest levels in "modern times". Source: Goldman Sachs, TME
15 Jan 2024
"Positioning is extremely long... Non-dealer positioning in US index futures is at a all-time highs. Systematic positioning (CTAs + Vol Control + Risk Parity) is near 1y highs."
Source: JP Morgan, TME
12 Jan 2024
Speculators have built their largest short U.S. Dollar position since 2020 and one of the largest in history
Source: barchart
8 Jan 2024
Sentiment and overly bullish positioning remain short-term hurdles for the stock market
Too positive
5 Jan 2024
Citi, JPMorgan, BofA and Morgan Stanley have collectively reduced their exposure to China by about a fourth since 2020
Source: Lisa Abramowicz, Bloomberg
12 Dec 2023
The net long positioning on the Nasdaq 100 by asset managers and leveraged funds is at a record high
When a trade becomes this crowded, how long until things reverse course? Source: Rosenberg Research
29 Nov 2023
They just started buying gold...
CTAs have reversed the gold short into a long, but they could be buying much more on the back of this break out. They are more than happy to play this momentum move... Source: Bloomberg, TME
