Macroeconomic Hotspots Interpretation

Apr 26,2023
Goldman Sach’s Scott Rubner sent out a mail this afternoon, stating his "tactically bearish" stand : 1. GS Systematic futures strats estimate that CTA/Trend strategies have bought +$142.5B worth of Global Equity Futures over the past 1-month. Current positioning long +$116.8 Billion. 95% percentile on a 1-year rank. 2. GS Systematic futures strats estimate that Vol Control strategies have bought +$24B worth of Global Equity Futures over the past 1-month. Current positioning long +$170.9 Billion. 100% percentile on a 1-year rank. 3. GS Systematic futures strats estimate that Risk Parity strategies have bought +$7.3B worth of Global Equity Futures over the past 1-month. Current positioning long +$96.4 Billion. 100% percentile on a 1-year rank. 4. We estimate that total Systematic strategies purchased +$173.8B worth of global equity futures over the past 1-month.
An in-depth look at inflation trends, monetary policy, commodities, derivatives flows and geo-factors. On the one hand, crypto assets are increasingly part of the global macro map, but crypto asset prices react more slowly to macro factors than traditional markets, with information gaps and scope for arbitrage. On the other hand, macro liquidity is like gravity to the price of risky assets, with medium to long-term price movements ultimately reflecting macro liquidity. This indicator provides a real-time interpretation of macroeconomic hotspots. It facilitates users to understand the cycle more clearly and understand the macro fundamentals. By #Junjie @Yvonne19_1
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