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3 charts we are watching: Buy or Buy

Largest short on record

"We have CTAs modeled short -$90bn of global equities (0 %tile). In the US, CTAs are short -$47bn of equities after selling $88bn over the last 15 sessions. This is the largest US short position for this cohort on record. Per GS model, they CTAs are now buyers of SPX in every scenario over the next month"

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