Equity Net Long Positioning - Leveraged Funds and Asset Managers Net Future Positions

Leveraged funds and asset managers have piled into long S&P 500 futures, pushing net exposure to a record. That screams risk appetite, but it also means there are fewer buyers left if sentiment flips.

Image: Goldman Sachs Global Investment Research

Equity Net Long Positioning - Leveraged Funds and Asset Managers Net Future Positions