JPMorgan: “This Is The Moment Everyone Went All In”

There is a fascinating table in JPMorgan’s 2018 year-end outlook released overnight, previewed yesterday by head quant Marko Kolanovic: it shows that a funny thing happened as the so-called experts were looking for signs of retail euphoria (and repeatedly were unable to find it): everyone went “all-in” stocks, and not just retail investors and US households, but mutual funds, hedge funds, pensions, systematic, and sovereign wealth funds.
The table below breaks down equity positioning in percentile terms by investor type: it shows that never investors have never been more long equities, or more “all-in” stocks.

This post was published at Zero Hedge on Dec 15, 2017.

 

Leave a Reply

Your email address will not be published. Required fields are marked *