The outcome of the recent 25th EU-China summit in Beijing struck a positive tone on the ongoing battle against climate change, and further solidified China as the world’s leading nation for sustainability on the world stage.

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

All three major indexes are higher to start the week, with the Nasdaq Composite Index marking a new all-time high as Broadcom continues to rally.

After sliding every month since April, short-term inflation expectations as polled by the NY Fed survey of consumer expectations appear to have bottomed and after rising modestly in July from 3.0% to 3.1%, rose again in August, this time to 3.2%.

Communications have a lot of overlap with the tech sector, and by extension, the whole artificial intelligence theme.