Crypto & Crude vs. Equities: Which Market Is Right?

Discussed in today's video:

Positioning: No Longer “Key Risk” But Not A Contrarian Signal Either: Positioning has improved meaningfully over the past few weeks, reducing what was a key risk coming into the year. The latest Bank of America Fund Manager Survey shows the largest increase in cash levels since COVID, alongside a notable decline in investor sentiment. However, absolute levels remain far from extremes, leaving positioning in “no man’s land.” This is constructive, but not yet a contrarian bullish signal. Whipsaw: Markets continue to be driven by geopolitical developm...