The Market Ear with the latest positioning. 2 weeks of de-risking Morgan Stanley’s prime brokerage desk reports that US L/S net leverage is at 54%, representing the 65th %-tile on the longer-term basis. Notably, the current level is materially off peaks seen two weeks prior (~60%). (MS PB) Hedge funds selling Momentum stocks The basket
The post Ain’t no bubble, ‘ere appeared first on MacroBusiness.