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TME with positioning data.
Positioning without the narrative
Markets are often explained with one neat story. The data rarely cooperate. These charts simply show where different investors, from hedge funds and retail traders to insiders and options desks, are currently positioned. Some signals look stretched. Others suggest caution. Together, they paint a confusing picture. Nobody said it was going to be easy…
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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