@jpmorgan Positioning Intelligence says equity positioning is still cautious even after the rebound.
Global equity net positioning dipped to the 9th percentile, with short exposure still at 12 month highs > 2 sigmas.
The 1 month change in North American net risk is now < -2 sigmas.
Lots of shorts, with very few longs means any meaningful risk on catalyst could send stocks flying.
Global equity net positioning dipped to the 9th percentile, with short exposure still at 12 month highs > 2 sigmas.
The 1 month change in North American net risk is now < -2 sigmas.
Lots of shorts, with very few longs means any meaningful risk on catalyst could send stocks flying.