Positioning Intelligence Weekly Wrap

US equity positioning has pulled back to historical average levels as hedge funds and retail investors reduced exposure. While broader tech flows are mixed, Financials have emerged as a significant area of recent buying interest.

Key Takeaways

• 1.Aggregate US equity positioning has declined to historical average levels (51st percentile) as Hedge Funds and Retail investors sold.
• 2.Financials ETFs saw significant buying activity, reversing recent outflows, potentially driven by mid-year seasonality and low relative valuation.
• 3.Momentum factor positioning remains elevated relative to historical drawdowns, suggesting the momentum sell-off is not yet complete.

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• Positioning Intelligence | Weekly Wrap

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