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Andy Constan shares observations on long-only asset manager positioning in ES futures and bond futures.
The focus is on notional positioning, highlighting trends within these major financial instruments. Constan draws attention to how institutional investors are currently allocated between equity index futures and fixed income futures.
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Constan's assessment of institutional allocation between equities and fixed income futures comes amid broader scrutiny of investor reactions to volatility, reminiscent of his analysis of an ONDS long position as the stock dropped 24%. That earlier perspective on market movements can offer valuable context for interpreting shifts in notional positioning observed today.