Wall St mixed ahead of economic data; CPI in focus

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Go back to Wall St mixed ahead of economic data; CPI in focus

Equity positioning 'abruptly' cut to below average: Deutsche Bank

August 12, 2024 9:08 AM EDT

Deutsche Bank analysts said in a note that there was a significant shift in equity positioning last week, marking one of the steepest declines in recent years.

The week is said to have seen a sharp reduction in aggregate equity positioning, plunging from a mid-July peak at the top of the historical range to a below-average or underweight level.

The investment bank said positioning,... More