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      We gonna need a bigger chart

      Gross leverage for US fundamental long/short funds is going exponential. 99th percentile over the past 5 years. Have no fear.

      We gonna need a bigger chart
      Source: GS Prime
      Best month ever

      Mag 7 (the ETF) just had its best calendar month ever... and is up 26% since 4/7.

      Best month ever
      Source: @EricBalchunas
      Gross back to highs

      HF gross leverage (across All Strategies) increased in May, now at the 98th %-tile on a LT basis. Net leverage also started to rebound and is up to the 58th %-tile across All Strategies over the past 5 years.

      Gross back to highs
      Source: JPM PI
      Globally too

      Global Info Tech saw the largest notional long

      buying in over 5 years

      Globally too
      Source: GS Prime
      Superlatives

      "US equities were net bought for a 4th straight week. This week’s $ US long buying – led by single stocks – was the largest since last November (97th percentile 5-year), suggesting increased appetite by HFs to carry idiosyncratic risk. 10 of 11 US sectors were net bought (sans

      Real Estate), led by Info Tech stocks which collectively saw the largest $ long buying in more than 10 years." (chart shows tech buying in the US at 10-year high).

      Superlatives
      Source: GS Prime
      Marvelous May

      We just completed the single best month of May for stocks in the last 35 years.

      Marvelous May
      Source: Carson