ab 17 August 2026 Global Research Global Strategy CTAs' Positioning and Flows - Biweekly Update Details on the methodology/model can be found in our Q-Series report Strong Q2 earnings and resilient carry are music to CTAs' ears • Equities: Strong Q2 earnings have reignited equity momentum, offsetting negative base effects and keeping overall CTAs' positioning broadly stable. Looking ahead, a modest selling bias is likely to persist through August, leaving the market vulnerable to further CTAs-driven selling ...