The Market Brief
Hey team. U.S. futures traded mixed during early trading as traders focused on signs that the Trump administration may add more tariff exemptions to ease the economic turmoil of the trade war.
Let’s re-cap the last session and see what’s next!
Macro Viewpoint
U.S. stock index futures traded mixed on Tuesday while initially buoyed by renewed investor optimism surrounding potential tariff relief in the auto sector.
The week began on a relatively calm note, with market participants encouraged by reports that the administration is pausing import duties on a variety of consumer electronics.
Overall, markets have managed to hold onto recent gains, with growing anticipation that further exemptions and tariff adjustments could offer continued support for equities in the near term.
Wall St. Prime Intel
Systematic macro global equity length is getting closer to historical max low or short levels. We see CTAs short $55bn of global equities (-$31bnUS).
In today’s Prime Intelligence, we’re sharing the latest on flows and positioning of asset managers and institutional traders, and where we see them positioned this week.👇
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