Recent reports indicate that large speculators and hedge funds have increased their net positioning in S&P 500 futures, reaching a two-year high. Additionally, fund manager equity positioning has surged to a 29% overweight, marking the highest level in 11 years. This overweight positioning among fund managers is noted to be the highest since before the Global Financial Crisis (GFC), suggesting a strong bullish sentiment in the market. The data reflects a significant shift in investment strategies as fund managers express increased confidence in equities.