Nvidia set to lose $180 billion in market value today as Meta weighs Google chips
Investing.com -- Short-term momentum chasing in high-beta stocks has reversed significantly, now falling below levels seen before the September run-up, Deutsche Bank strategists reported.
The team led by Parag Thatte noted that aggregate equity positioning has dropped below neutral for the first time in four months. Discretionary positioning continued to decline to underweight levels, while systematic positioning fell from notably overweight to modestly underweight.
Despite this positioning shift, the cross-asset boom in inflows continues, with equity funds receiving strong inflows last week totaling $26.2 billion. The biggest beneficiaries were U.S. funds, which attracted $13 billion, and emerging markets, which saw $9.2 billion in inflows.
The strategists pointed out that historically, equities have rallied once rates volatility subsided, even when the absolute level of rates remained elevated.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.