According to @KobeissiLetter, CTA positioning in US equities has reached the 100th percentile, indicating they are max long, which reflects extreme exposure by systematic funds in equities, source: @KobeissiLetter. According to @KobeissiLetter, Commodity Trading Advisors are systematic, rules-based funds that trade automatically and often amplify market moves, highlighting their potential to magnify short-term equity swings, source: @KobeissiLetter. According to @KobeissiLetter, CTAs bought $27.7 billion of US equities in July, quantifying the scale of recent systematic inflows, source: @KobeissiLetter.