Market Positioning Extremely Bearish - 100% Percentile since 2023

Hello everyone,

Here we are again, with market positioning at extremely bearish levels. Zackfinds.io is showing -$18 billion in negative gamma.

To give you a sense of how extreme this is, since July 2023 there have been no instances of the market opening at these levels, and only two instances where the market opened below -$17 billion in negative gamma.

In the chart below, we can see the only instances where positioning has reached such extreme levels — you can probably guess the period.