Offsides Macro | Weekly Positioning Dashboard 6.22.26

Weekly Positioning Dashboard

Positioning Highlight: USD set up into qtr-end (observation in detail on portal)

Offsides Quick Take:

• Equities: Continued positioning dispersion across Indexes > pair trade opportunities setting up

• Rates: Positioning in Rates is largely unchanged and continues to suggest a flattener trade

• FX: USD positioning remains consensus Overweight as DXY contract net-buying flows were the largest in the past 18 months (see portal for most extreme pairs)

• Metals: : Positioning increased week over week in both Gold & Silver displaying upward positioning momentum

• Energy | Grains | Softs | Livestock (portal)