The Market Brief
Global markets moved higher to start a busy week that could play a key role in shaping market sentiment as indexes trade near record highs.
Macro Viewpoint
U.S. equity futures edged higher, recovering much of last week’s losses that stemmed from concerns the Federal Reserve might be slow to respond to a cooling labor market.
Markets are now focused on two key inflation reports due this week, which could provide fresh clues about the economy’s trajectory following Friday’s softer-than-expected jobs data.
Prime Intelligence
Aggregate equity positioning has slipped over the last three weeks but remains modestly above neutral.
Discretionary investor positioning has declined from neutral to moderately underweight while systematic strategies positioning remains elevated.
Inflows to equity funds ($17.6bn) meanwhile remained strong for a fourth week and were broad-based across the US ($5.1b).
In today’s brief, we’re highlighting institutional order flows along with market research on positioning and activity across the largest market participants.
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