The primary trend in equities remains up. Expanding breadth, flush liquidity, and strong internals point to very favorable forward returns over 6-12 months. However, Trend Fragility is high and climbing. A formal sell signal should trigger within the next month if volatility stays low.
love the multi-charts and positioning (i’m biased there). do u guys take a deeper dive on the positioning elsewhere? JPY is massively offsides short, agree
love the multi-charts and positioning (i’m biased there). do u guys take a deeper dive on the positioning elsewhere? JPY is massively offsides short, agree
Yep! We do much deeper work over at our Collective service. If you’re interested, you can join here: https://macro-ops.com/sign-up/