Bank of America Merrill Lynch Market Analysis Shows Elevated CTA Positioning and Low Volatility

Bank of America Merrill Lynch Market Analysis Shows Elevated CTA Positioning and Low Volatility The document contains only financial market charts and technical commentary with no mention of influential political actors, misconduct, or financial flows tied to power centers. It offers no actionable investigative leads. Key insights: Trend-following CTA equity positions are near record levels due to low volatility.; Risk‑parity leverage may be at its maximum due to historically low portfolio volatility.; Inverse VIX ETN vega exposure has reached a record high.