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IPFS News Link • Stock Market

Wall Street Caught Short Again As "Money Printer Go BRRRRRR To 11"

• https://www.zerohedge.com, Tyler Durden

As we showed on Friday using the latest Deutsche Bank flow data......

both consolidated and systematic positioning was just off decade lows, while discretionary positioning - namely hedge funds and various other levered investors - have continued to take down exposure, selling to retail investors all the way on the way up, assuming of course that Robin Hood is up on any given day.

Yet while institutions may yet have the final laugh, for now it is retail investors that are smiling all the way to the bank as they continue to buy everything that the pros are selling.

And, as Nomura's Charlie McElligott writes this morning, futures are "un-clenching higher", as the abovementioned institutions scramble to chase the market with "both Asset Managers- (cumulative -$10.5B of US Equities futs sold across the May-to-date numbers so far) and the Leveraged Funds- (sold -$3.4B of US Eq futs in May so far) have continued to sell or be short / very hedged into the Equities move MTD."


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