We have a last look at CFTC data to dissect how investors are positioned across asset classes going into 2024. Everyone and their mother is long bonds. Is it a worrying signal? Enjoy!
![Positioning Watch – Buying bonds is the biggest consensus bet](https://stenoresearch.com/wp-content/uploads/2023/01/Positioning-Watch-1080x675.png)
We have a last look at CFTC data to dissect how investors are positioned across asset classes going into 2024. Everyone and their mother is long bonds. Is it a worrying signal? Enjoy!
As the tides have turned on global liquidity (at least for now), we decided to look at equity risk premia in a historical context. Do you get adequate compensation for equity risk? Probably not.