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1/This week's "Dirty Dozen [CHART PACK]" is out. We look at MORE bearish positioning across equities, fund managers buying protection against at record rates, signs of a top in gold, and indicators that say a recession is still a long ways off, plus more. macro-ops.com/your-monday-di…
2/ The latest BofAML Global FMS shows that fund managers have their lowest exposure to equities since 09’. Investors across the board — from professional to retail — are positioned for a crisis.
3/ From the same survey: Fund managers are buying protection against a drop in the market at their highest rate for which there is data. Once again… Investors are expecting DOOM.
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