Asset managers are extremely bullish:
Net $VIX futures positioning among asset managers is down to -$1.0 billion, the lowest in at least 10 years.
Short volatility bets have now surpassed the August 2024 peak before the Volatility Index, $VIX, exploded +280%, to 65 points, the highest since the 2020 pandemic.
At the same time, hedge fund $VIX futures positioning is down to -$42.7 million, the lowest since August 2024 and the 2nd-lowest on record.
Positioning shifted from neutral to net short over the last several weeks, marking a sharp reversal in the sentiment.
Meanwhile, US hedge fund gross leverage, which tracks total long and short exposure, rose to a record 223%, marking the 3rd consecutive weekly increase.
Are we due for a surge in volatility?
BREAKING: Gold futures extend gains to +$130/oz on the day, now up +3.3%, hitting a record $4,130/oz.
Gold has now added nearly +$1 trillion in market cap today.
BREAKING: US home values saw month-over-month declines in 61% of US counties in April, the most since 2022.
This percentage has TRIPLED over the last few months, according to Reventure.
Outside of 2022, such an elevated share was last seen in the 2007-2010 period.
However, difference between 2022 and now is that the current housing inventory is 2.5 times higher.
All while there are 33.7% more sellers than buyers, the biggest difference in at least a decade.
Is the housing downturn beginning?
The US Dollar is plummeting:
The US Dollar Index, $DXY, fell 3.5% last week, the second-largest drop since the 2020 pandemic.
The index is now on track for the third consecutive monthly decline.
The majority of the decrease was driven by the Euro, which strengthened 4.7% against the USD, its biggest rise since 2009.
Even as the trade war has escalated, the US Dollar is losing momentum.
Another sign of a historic year ahead.
I continue to strongly condemn Israel's ongoing genocide in Gaza in which over 40,000 innocent Palestinians have been killed & many others are being deliberately starved to death.
Despite people across the world demanding an immediate ceasefire, the powerful continue to remain unmoved as all humanitarian laws, laws of war, the UN Genocide Convention, the Geneva & Vienna Conventions continue to be violated with impunity by Israel. It is high time world leaders not only call for an immediate, total ceasefire but ensure its implementation also.
The Muslim leadership must take an effective lead as the people of Gaza are counting on the Ummah to speak up & act. #IStandWithGaza
In Pakistan, a small innocent child, Ammar, passed away while waiting for his father. Ammar's father, Mian Ibad Farooq, is in jail for being named in a case. Ammar became mentally ill after his father's arrest.The police and law enforcement agencies raided Ammar's house to arrest his mother and grandmother.
Ammar used to tremble with fear whenever he heard the name of the police. Ammar lost his mental balance due to constant harassment by the police. After being in a state of coma for a long time, Ammar finally left this world today and went to his God. But now some insensitive people are calling Ammar's death as natural death.
We ask this question: Who is responsible for making a healthy, laughing child mentally ill?
Has humanity disappeared or compassion has disappeared from our hearts?
A son has died longing to see a glimpse of his father. 😭😭😭
#Rip #humanity
@amnestysasia@OHCHRAsia@UNHumanRights@UNICEF@UNICEF_Pakistan@SavetheChildren@savechildrenuk@SaveChildrenEU@IHRF_English@AyeshaBakhsh@javerias
#JusticeForAmmar
Pakistan's former PM Imran Khan Emerges as Overwhelming Choice in World Times Twitter Poll!
World Times conducted a highly anticipated Twitter poll, asking participants to share their opinion on the most popular political leader in Pakistan's history at this point. The results are in, and Imran Khan, representing PTI, has emerged as the undeniable favourite, securing a staggering 97.6% of the votes. Meanwhile, former Prime Minister Nawaz Sharif of PML-N garnered a mere 1.6%, while former president Asif Zardari received 0.7%.
This resounding victory for Imran Khan reflects his widespread popularity among the people of Pakistan.
#Pakistan #ImranKhan #NawazSharif #AsifAliZardari