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      Modestly overweight again

      "After the momentum reset, equity positioning had turned underweight by the 3rd week of November, for the first time since July. Over the last two weeks, equity positioning has rebounded to turn modestly overweight again (0.30sd, 60th percentile), close to levels seen in late October."

      Modestly overweight again
      Source: Deutsche
      Systematics

      "The wave of systematic selling has faded, and vol-targeting strategies are starting to re-lever ... After two weeks of steady non-fundamental supply, CTA, Vol-Control, and Risk-Parity strategies have begun to re-add exposure as realized volatility declines."

      Systematics
      Source: Scott Rubner
      Boom times

      A potential breakthrough in fiscal stimulus discussions caused Jefferies’ Chief Financial Economist Aneta Markowska to tweak her 2021 GDP forecast even higher above consensus, to 5.25%. The disparity vs. the Street is important. What is also important to highlight is the magnitude of the growth rate. After several decades of a low growth paradigm, the US economy appears to be on a direct course for a boom

      Boom times
      Source: Jefferies
      That's new

      AAII bull getting very bullish, and bears throwing in the towel, "printing" close to lowest levels of the year.

      That's new
      Source: LSEG Workspace