On May 2, 2024 it was observed that a recent peak of positions in US Equity Futures by Asset Managers was above its 2014 peak. This indicator appeared to have a relatively low correlation to the Dow and S&P500. Further research revealed a high correlation of global companies that included CAT, CVX, IBM, and XOM.
Note that this information is for educational purposes only and not a recommendation.
Charts courtesy of StockCharts.com.
