Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.
Speculators have now put on their most aggressive position in equity index futures on record.
"Non-dealer positioning in US index futures is at all-time highs. Systematic positioning (CTAs + Vol Control + Risk Parity) is near 1y highs." https://t.co/0AmCcDNYlq via @dailychartbook pic.twitter.com/2UHzRx9cYA
— Jesse Felder (@jessefelder) January 17, 2024
At the same time, corporate insiders have gotten “very nervous.”
'Corporate insiders are very nervous.' https://t.co/4MSOFOHiER via @SoberLook pic.twitter.com/woV9zONM3R
— Jesse Felder (@jessefelder) January 15, 2024
In playing offense so aggressively, investors have left defensive sectors for dead…
'Bearish positioning in defensive sectors (healthcare and utilities) appears stretched.' https://t.co/d58H7RdRo9 via @SoberLook pic.twitter.com/3opywXeJY6
— Jesse Felder (@jessefelder) January 18, 2024
…even though these typically perform best after the Fed’s first rate cut.
'Healthcare, Staples, and Energy are typically the best-performing sectors in the months following the Fed's first cut.' https://t.co/0AmCcDNYlq via @dailychartbook pic.twitter.com/iLTh1xv8ws
— Jesse Felder (@jessefelder) January 17, 2024
And sometimes you just have to be willing to look stupid in order to succeed in the stock market.
‘Instead of being embarrassed, we view our ability and willingness to look stupid as a competitive advantage.’ https://t.co/fWXHiW1oQG pic.twitter.com/CVvQTQVP6I
— Jesse Felder (@jessefelder) January 16, 2024
