Offsides Macro | Weekly Positioning Dashboard 7.6.26
Weekly Positioning Dashboard
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Positioning Highlight(s): S&Ps, USD, Copper (observation in detail in Deck and on portal)
Offsides Quick Take:
Equities: S&Ps remained pinned to Upper Extremes (street overweight) for the second straight week. Equities as an asset-class now resides in the upper quartile and is signaling a SELL bias
FX: Multiple FX pairs have registered statistically significant flow shifts despite relatively muted moves in the underlying currencies (a potential early warning that the market may be approaching an inflection point.)
Metals: : Copper flows appear to be turning (additional details/trade idea in deck and on portal)
Rates | Energy | Grains | Softs | Livestock (in portal and available upon request)
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OFFSIDES MACRO WALKTHRU VID (5mins)
Rick Bandazian Jr. | Offsides Macro | rickbandazian.com | rick@rickbandazian.com
Disclaimer: This publication is for general informational and educational purposes only. It is not investment advice, does not take into account individual circumstances, and should not be relied upon for making investment decisions. The views expressed are solely those of the author and do not represent the views of any employer or affiliated institution.
GBP/USD is one im watching here. It still looks heavily shorted, but the pressure seems to be easing a bit, and price is starting to show that as well