CTAs Are Sellers In All Scenarios; Here's The Levels To Watch

US equities were marginally net bought last week (+0.1 SDs one-year), as gross trading activity continued to increase driven by long buys slightly outpacing short sales.

Single Stocks saw the largest increase in gross trading activity in 5 months (2nd largest in the past year, +3.0 SDs), driven by long buys offset by nearly the same $ of short sales.