Aggregated U.S. Equity Futures Positions and S&P 500 Relative to Its 200-DMA

While leveraged funds and asset managers have slightly scaled back their bullish stance, they still maintain substantial net long positions in U.S. equity futures.

Image: Deutsche Bank Asset Allocation

Aggregated U.S. Equity Futures Positions and S&P 500 Relative to Its 200-DMA