S&P 500 Ex. Financials – Net Leverage and Interest Coverage

S&P 500 Ex. Financials – Net Leverage and Interest Coverage Since the Global Financial Crisis, there has been a sharp increase in the median S&P 500 stock’s leverage ratio, a trend that could have substantial effects on market risk and volatility. Image: Goldman Sachs Global Investment Research

Hedge Fund Gross and Net Leverage

Hedge Fund Gross and Net Leverage Hedge fund gross leverage remains extremely elevated, while net leverage fell sharply during recent market turmoil but has since rebounded significantly, though it is not yet back to highs. Image: Goldman Sachs Global Investment Research

ETF Assets Leveraged Long/Short Products Ratio

ETF Assets Leveraged Long/Short Products Ratio With leveraged long ETFs leaving inverse products in the dust, market’s optimism is so contagious that bears are considering a career change! Image: Bloomberg

S&P 500 and Leveraged Long vs. Short ETF Volumes

S&P 500 and Leveraged Long vs. Short ETF Volumes The degree of activity in leveraged long vs. short U.S. equity ETFs has experienced a substantial decline as sentiment shifts. Image: Topdown Charts

Hedge Fund Net Leverage

Hedge Fund Net Leverage Aggregate hedge fund net leverage remains high compared to the average level. Image: Goldman Sachs Global Investment Research

Hedge Fund Leverage

Hedge Fund Leverage Hedge fund net leverage is close to record levels. It is also high compared to the average level of the last ten years. Image: Morgan Stanley