bloombergs dani burger joins us with a closer look at last weeks market turmoil danny how are we set up for this week in terms of positioning well were set up for perhaps another about face if thats indeed what we witnessed last week it just lends itself to the volatility were likely to continue to experience in this markets after chart up next to me for our radio listeners its cftc data of both us positioning and not just treasuries but stocks as well for leveraged funds so this gives us an idea of how the setup is matt specifically for hedge funds and theres this very large dislocation between stock positioning which at the start of last week was very bullish and bond positioning which was very bearish now both positions would have caught hedge funds offside so theres likely to have been a big positioning reversal which goes a long way to explain what we saw last week so going forward its not just powell that means that investors will have to rethink their position its omicron as well and theres echoes of this in 2018 again for our radio listeners a very similar setup in 2018 when you had long stock short bond positions that had to be flipped as we confronted a fed that became more hawkish