Offsides Macro
· Offsides Macro
· 16 августа 2026, 12:31
· ⏱ 1 мин чтения
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Резюме
Positioning data show an equity tape at 4-month highs but sharply split: S&P and Dow are near highs while Nasdaq and Russell are at YTD lows, implying rotation rather than broad risk-on. Rates consensus is overweight 2s and underweight 10s; FX consensus is long GBP/MXN and short EUR/CHF/CAD/ZAR; metals have become a consensus overweight with gold and copper as outliers. Energy positioning keeps drifting toward the lower quartile while WTI and Brent move in opposite directions.
•S&P and Dow positioning are near 4-month highs, while Nasdaq and Russell positioning are at YTD lows.
•Rates consensus is overweight 2s and underweight 10s.
•Net USD positioning is marginally overweight and drifting lower; consensus FX longs are GBP and MXN, while consensus shorts are EUR, CHF, CAD, and ZAR.
•Metals positioning is now consensus overweight on short and intermediate-term lookbacks, with gold and copper as outlier consensus overweights.
•Energy positioning is drifting toward the lower quartile, and WTI and Brent are trending in opposite directions.