2024-02-20 15:56:19 ET
Summary
- Asset managers are heavily invested in the market, comparable to previous stock market peaks.
- Marathon Petroleum, a major player in the downstream energy sector, has seen strong financial performance and shareholder value.
- The company anticipates continued robust demand for oil, favorable refining margins, and plans to invest in low-carbon initiatives.
Introduction
In the current market, it seems that "everyone" is bullish. I don't even know what a very steep down day feels like anymore.
All kidding aside, looking at CME Group's ( CME ) Commitment of Traders report below, we see that asset managers are very long the e-mini, the most traded S&P 500 future.
Although we aren't at record levels, the current positioning is comparable to 2021, 2019, and multiple short-term stock market peaks going back to 2006....
Read the full article on Seeking Alpha
For further details see:
22% Return Per Year Since 2012 - How Unstoppable Is Marathon Petroleum?