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Positioning Watch: Has the August pain weakened the bulls?

Bears have been in the front-seat this month just as we had forewarned. Now, it appears that the tough price action is beginning to have an impact on overall sentiment. Will it last?
2023-08-26
<a href="https://stenoresearch.com/author/emilmoller/" target="_self">Emil Møller</a>

Emil Møller

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Happy Saturday everyone and welcome back to our weekly Positioning Watch!

Here, we’re all about diving into market positioning to uncover some exciting insights about the bigger picture. As always, we’ll be digging into the data, pulling out the key points, and spotting the most interesting market trends for you.

Without further ado let’s jump right into it

As we cautioned back in July, it’s no surprise that volatility has been on the rise throughout August. The VIX has surged by around 18.8% in the past 30 days and unfortunately, this has taken a toll on the equity market- and sentiment alike

Equity Positioning – Party over?

In the wake of the recent sell-off, AAII has taken a pessimistic turn, indicating a notable change in sentiment within the retail investor community.

Chart 1: AAII Net Sentiment score

 

 

Bears have been in the front-seat this month just as we had forewarned. Now, it appears that the tough price action is beginning to have an impact on overall sentiment. Will it last?

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