Positioning Watch: Gimme shelther
Greetings everyone! The weekend is upon us and, as per usual, so is our weekly Positioning watch! Quite an eventful week for traders with ECB & FED decisions on top of an ongoing banking crisis that is still alive and breathing, so plenty of events for markets to digest. Let’s dive in and see how the chips have moved. Remember that as always, most of the positioning data presented in this piece can be found on our Datahub right here
Equity positioning: Nasdaq seems to be the only long Equity index in town
–Amidst recent market turmoil, the Nasdaq has emerged as the preferred choice for non-commercial equity positioning even as bearish sentiments loom in the air.
– Overall equity positioning remains short, and traders are probably hedging their clients’ long’s as debt ceiling x-day approaches on the horizon
Chart 1: Equity positioning