Goldman Sachs:
1. GS estimates CTA/trend length is moderately net long again (~$75bn global eq), and expect some moderate near-term buying to continue in the baseline and most mkt scenarios to re-establish more long positions.

2. For the systematic macro community, more trend signals continued to turn positive last week – especially at the medium-term horizon – and all 21 markets in our global sample portfolio now have more positive short and medium trend in our work at time of writing.