Daily stance / 2026-06-01

Wait / No New Position

Wait because the macro stack is mixed: bearish inflation/yield forces and bullish duration offsets are not aligned enough for a high-conviction action signal.

Net-27

Confidence51%

Bullish40

Bearish67

Positioning and Volatility

Vol/positioning pressure34

Positioning adjusts confidence, not direction. Macro can be bearish while crowded shorts reduce follow-through confidence.

Volatility Proxy

VIX fallback proxy15.32

2025-09-1713.47 low / 31.05 high2026-05-29

Integration Status

CFTC Treasury futures positioning: planned feed.
MOVE index: optional paid/fallback feed.
TLT ETF flows and options put/call ratio: planned provider hooks.