Vanda

𝗩𝗮𝗻𝗱𝗮𝗫𝗮𝘀𝘀𝗲𝘁 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 𝗮𝗿𝗲 𝗻𝗼𝘄 𝗹𝗶𝘃𝗲 𝗼𝗻 𝗕𝗹𝗼𝗼𝗺𝗯𝗲𝗿𝗴. 103 combined positioning indicators across equities, rates, commodities and FX, bringing Vanda’s positioning intelligence directly into your Bloomberg workflow. Each indicator combines multiple positioning signals into a single standardised measure, helping investors identify crowded trades and track shifts in market positioning. Explore the full list of indicators and Bloomberg tickers: https://lnkd.in/ecqr89Hg

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲. 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝘁𝗲𝗹𝗹𝘀 𝗮 𝗺𝗼𝗿𝗲 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝗱 𝘀𝘁𝗼𝗿𝘆. US equity positioning remains near neutral despite the index sitting just below its all-time high. Alongside supportive seasonality and resilient US growth, that leaves scope for further gains into year-end. 𝗢𝘂𝗿 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗧𝗔𝗔𝗠 𝗲𝘅𝗽𝗹𝗼𝗿𝗲𝘀: • US equities: Can growth stocks lead the next leg higher? • Government bonds: Could crowded shorts drive another fall in yields? • Global FX: How much further could dollar longs unwind? • Commodities: How are positioning and geopolitical risks shaping the outlook? For Vanda’s outlook across asset classes, contact [email protected]

𝗠𝗲𝘁𝗮 𝗹𝗲𝗮𝗱𝘀 𝘁𝗵𝗲 𝘄𝗮𝘆 𝗶𝗻𝘁𝗼 𝗮 𝗯𝘂𝘀𝘆 𝗻𝗶𝗻𝗲 𝗱𝗮𝘆𝘀 𝗼𝗳 𝗵𝘆𝗽𝗲𝗿𝘀𝗰𝗮𝗹𝗲𝗿 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀. After a challenging week for the AI trade, Q3 earnings are shaping up to be a critical macro catalyst. Investors will be assessing results through the lens of semiconductor performance, AI capex and whether demand remains strong enough to support margins and revenue growth. 𝗧𝗵𝗲 𝗸𝗲𝘆 𝘁𝗲𝘀𝘁 𝗶𝘀𝗻'𝘁 𝘀𝗶𝗺𝗽𝗹𝘆 𝗵𝗼𝘄 𝗺𝘂𝗰𝗵 𝗵𝘆𝗽𝗲𝗿𝘀𝗰𝗮𝗹𝗲𝗿𝘀 𝗮𝗿𝗲 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴, 𝗯𝘂𝘁 𝘄𝗵𝗲𝘁𝗵𝗲𝗿 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝗰𝗮𝗻 𝘀𝘂𝘀𝘁𝗮𝗶𝗻 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴–𝗰𝗮𝗽𝗲𝘅–𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗰𝘆𝗰𝗹𝗲 𝗮𝗻𝗱 𝗱𝗿𝗶𝘃𝗲 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗳𝗼𝗿 𝗱𝗼𝘄𝗻𝘀𝘁𝗿𝗲𝗮𝗺 𝗯𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗿𝗶𝗲𝘀. With hyperscaler positioning far from stretched, the bar for a positive earnings reaction may not be particularly high. But convincing revenue and capex guidance will be crucial. That's the setup Vanda is watching. With: Eric Liu, Jens Nordvig, Kaidi Meng, Christopher Marsh

𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝗶𝘀 𝘀𝗵𝗶𝗳𝘁𝗶𝗻𝗴. 𝗕𝘂𝘁 𝘄𝗵𝗲𝗿𝗲 𝗶𝘀 𝗰𝗼𝗻𝘃𝗶𝗰𝘁𝗶𝗼𝗻 𝗿𝗲𝘁𝘂𝗿𝗻𝗶𝗻𝗴? Across equities, rates and FX, positioning is beginning to change. But the signals are far from uniform. In the latest Positioning Update, Viraj Patel, CFA examines four key themes: • US Equities: Are the real equity bulls ready to return? • G10 Rates: Is softer US data enough to turn the bond bears? • European Markets: How far could French political risk spread? • Global FX: Will rates or politics drive the next move? 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝗨𝗽𝗱𝗮𝘁𝗲 𝗼𝗻 𝗩𝗮𝗻𝗱𝗮 𝗔𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝘀. https://lnkd.in/ecqr89Hg

Vanda 𝗔𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝘀 𝗶𝘀 𝗻𝗼𝘄 𝗹𝗶𝘃𝗲. Vanda’s data, dashboards, insights and AI Monitors in one login, delivered straight into your workflow. From cross-asset positioning and flows to Vanda’s latest market intelligence, Vanda Analytics brings the tools and insights you need into one connected environment. See what matters across markets. Build views around your investment process. Monitor the signals that matter to you. Ask questions across Vanda’s data and insights. 𝗦𝗲𝗲. 𝗕𝘂𝗶𝗹𝗱. 𝗠𝗼𝗻𝗶𝘁𝗼𝗿. 𝗔𝘀𝗸. To explore Vanda 𝗔𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝘀 or request access, contact 𝘀𝗮𝗹𝗲𝘀@𝘃𝗮𝗻𝗱𝗮.𝗰𝗼𝗺

𝗩𝗮𝗻𝗱𝗮 𝗔𝗻𝗮𝗹𝘆𝘁𝗶𝗰𝘀 𝗶𝘀 𝗟𝗮𝘂𝗻𝗰𝗵𝗶𝗻𝗴 𝗦𝗼𝗼𝗻. One platform. Adaptable to your workflow. Access Vanda's data, analytics and insights in one customisable environment. Move from data to interpretation, build views around your own investment process and monitor the markets, portfolios and themes that matter to you. See. Build. Monitor. Ask. Launching next week.