Aggregated U.S. Equity Futures Positions

Aggregated U.S. Equity Futures Positions Leveraged funds and asset managers, while less bullish than before, still express optimism in the market by maintaining substantial net long positions in U.S. equity futures. Image: Deutsche Bank Asset Allocation

Fed Funds Futures

Fed Funds Futures Markets are still pricing in Fed rate cuts for 2025, but expectations have been scaled back due to persistent inflation concerns. Image: Deutsche Bank

Currency Futures Positioning

Currency Futures Positioning Despite already high U.S. dollar positioning, Goldman Sachs has upgraded its forecast for the U.S. dollar, expecting it to rally by about 5% in the next 12 months. Image: Deutsche Bank Asset Allocation

Fed Funds Futures

Fed Funds Futures The market has scaled back its outlook for Fed rate cuts in 2025, with current projections showing three cuts, down from earlier forecasts. Image: Bloomberg

Managed Money Gold Futures Positions

Gold Net Long Managed Money on COMEX Gold’s appeal as a safe-haven asset historically strengthens during periods of uncertainty, leading to increased investor positioning. Image: Goldman Sachs Global Investment Research

Fed Funds Rate and Fed Funds Futures

Fed Funds Rate and Fed Funds Futures Deutsche Bank’s forecast for the federal funds rate is notably more hawkish compared to many mainstream projections. In light of the election results, the Fed may hold interest rates above 4% throughout 2025. Image: Deutsche Bank

Russell 2000 Net Futures Contracts

Russell 2000 Net Futures Contracts The current net long positioning of asset managers and leveraged funds in Russell 2000 futures indicates a strong belief in the potential for growth in U.S. small-cap stocks. Image: Deutsche Bank Asset Allocation

Interest Rates – Fed Funds Futures Curve

Interest Rates – Fed Funds Futures Curve After the Federal Reserve’s recent meeting, the slope of the fed funds futures curve has increased slightly, indicating a shift in market expectations regarding future interest rate movements. Image: The Daily Shot

U.S. Treasury Bond Future – 10Y Futures Positions

U.S. Treasury Bond Future – 10Y Futures Positions Speculators have significantly increased their short positions in U.S. Treasury 10Y futures, reflecting a strong bearish sentiment among traders. Image: Deutsche Bank Asset Allocation

Nasdaq Futures Net Short

Nasdaq-100 Index, Short Interest as a Percent of Shares Outstanding The falling short interest in the Nasdaq 100 is seen as a potential bearish signal, as it reduces a source of support for the market and makes stocks more vulnerable to negative news and price declines. Image: Morgan Stanley Wealth Management