Now that the ECB and Fed meetings have concluded, we can assess how traders have positioned themselves after the curtains have closed
Cheers to the weekend everyone! And welcome back to your Positioning Watch series. The data is now up to speed again and you can always find ALL positioning data readily available in our datahub. We will highlight the most important conclusions weekly in this series. Equity positioning: Nasdaq positioning remains LONG – Nasdaq keeps up steam from the easter – Overall equity positioning remains short but the sentiment is not overly bearish across styles/s While the recent liquidity injection has offered tailwinds to equities we suspect fundamentals won’t justify the valuations as the sugar rush reverses. We could still see some optimism play out, but overall our long beta is running on fumes and thus trimmed down a tad FX Positioning: JPY is still unpopular – JPY positioning keeps bearish overall but a tad less than during easter – The EUR bet is still very consensusy, while BRL bullishness has lost a bit of steam – The USD positioning is long and BRL is slowly losing its favour among speculators We remain positive on BRL which seems cheap and offers good real rates in a world starving for inflation- safety. Suffice to say price action has yet to follow suit Commodity Positioning: Gold party is still on – Gold positioning may look stretched and plenty of profits could be ripe for taking. But positioning remains long for now – Energy still hasn’t got the recession memo On the surface, it may look as if oil is simply proxying expectations of […]
It seems like traders are hesitant to make major allocation adjustments in the current environment, leaving us with a ‘silence before the storm’ impression. Find out if you have your eggs in the correct baskets in this week’s edition.
Our positioning watch is back! Find out whether you lean with or against the wind in this weekly publication.
What a week. Let’s have a look at flow and positioning indicators. Some of them will surprise you
Let’s have a look at our flow -and positioning indicators after a week of market turbulence. How big were the SVB-fueled flows on Thursday and Friday? We look across assets in this analysis.
In this somewhat unusual edition of the ‘Positioning Watch’ we’ll take a look at relevant and readily available data to assess whether we are leaning with or against the wind. Maybe this can provide further insight into the ambiguity which we have experienced in markets lately.
We have looked at fund flows now that CFTC data on positioning remains unavailable due to a data-issue. Bond speculation is getting short again, while investors are not buying the rebounds in the USD and Tech/Discretionary stocks
What to do when COT-data is delayed? Here is a ‘special edition’ of our weekly ‘Positioning Watch’ covering recent fund flows in major ETFs in various asset classes. How do people really feel about the latest movements in markets not least given the absurd economic data released this week?
We look into how traders are positioned every Saturday to assess whether we are leaning with or against the wind. Is this a new bull run or just another bear market rally? Let’s have a look at the numbers
Saturday is here, and we hope that you all have a great weekend. Meanwhile, Saturday also means fresh CFTC COT data, so while we endorse you to kick up your feet, we’ll present to you our updated dashboards on positioning across asset classes and highlight the peculiarities that catch our eyes.
Each Saturday we provide you with the updated positioning across asset classes and highlight the anomalies we find. Are you leaning the same way as the crowd? Check it out here.