Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection


Citi adds:

“CFTC futures and options positioning data shows that asset manager net length is near 10-year lows when we normalize notionals by aggregate market cap or gross exposure,” the note said. “Leveraged fund positioning contrasts this as the group appears to have taken profits on shorts in recent weeks. Retail speculation has declined. The sharp underperformance of social sentiment stocks, non-earning names and other more speculative trades basically was hinting at this already. But TRF trading data helps confirm high risk speculation is working its way out of markets.”