See where markets are stretched. Identify what could force the next move.
Positioning-led investment strategy across global markets.
Vanda Tactical Strategy combines proprietary positioning and flow data with expert market analysis to help institutional investors identify crowded trades, changing sentiment, emerging risks and tactical opportunities. Focused on the next one to three months, it connects investor exposure with the catalysts capable of forcing markets to reprice.
How is capital positioned today - and where are the pressure points?
Crowding
Identify where positioning is stretched and consensus may be vulnerable.
Flow
Track where capital is building, unwinding or rotating across markets and investor groups.
Catalyst
Connect the positioning setup with macro, policy, earnings, geopolitical and market-structure events.
Opportunity
Translate the setup into directional, relative-value and portfolio-level tactical views.
Coverage built around where positioning can change the outcome.
US markets
Macro drivers, policy, equity risk and positioning dynamics shaping the US market.
Global equities
Regional, sector and thematic opportunities informed by positioning, sentiment and alternative data.
Fixed income & cross-asset
Positioning-led analysis where rates and cross-asset relationships intersect with macro catalysts.
Tactical asset allocation
Portfolio-level views across major asset classes to help clients tilt risk over a tactical horizon.
Event-driven risk
Concise updates when market-moving developments materially change the positioning setup or risk/reward.
Research for the cadence of active markets.
- CIO Risk ReportWeekly view on US macro, policy, equity risk and market outlook, shaped by positioning and risk dynamics.
- Positioning UpdateWeekly view of notable positioning and fund-flow changes, crowded areas and upcoming catalysts.
- Global Equity Tactical StrategyPositioning-led views across global equity regions and sectors.
- Tactical Asset AllocationMonthly portfolio-oriented summary of Vanda market calls and tactical allocation views.
- Risk UpdatesShort event-driven analysis when fast-moving developments change the market setup.
Written by strategists who watch the market every day.
Eric Liu
Co-Founder & Head of Research
Viraj Patel
Chief Innovation Officer and Global Market Strategist
Jai Malhi
Senior Strategist, Research
Richard Iley
Senior Strategist, Research
Kaidi Meng
Senior Vice President, Research
Powered by proprietary positioning and flow data.
VandaXasset and VandaTrack provide the underlying read on investor positioning, flows, crowding, sentiment and market behavior. Vanda Tactical Strategy is the interpretation layer above that data: connecting the signal with catalysts, context and human judgment so clients can move from a positioning observation to an investment decision.
Need to interrogate the positioning in real time?
Vanda Tactical Strategy IB sits within Vanda Advisory and provides direct access to the strategists behind the research through Bloomberg chat and email. Use it to discuss positioning, flows and cross-asset dynamics, test interpretations and apply Vanda intelligence to live decisions.