This morning Macquarie Group reported a net profit after tax of $501 million for its first half year. This is an increase of 39% from the first half year of 2013, and broadly in line with market expectations. So how are CMC’s top clients currently positioned within MQG? Our Client Sentiment Indicator is currently showing 82% are long. The combined value of the long trades equates to 64% of the total open positions within this instrument, down from 89% at 7am AEDT this morning. Perhaps this shift in position value is a consequence of some early profit taking. (The Client Sentiment Indicator may be accessed by clicking on the arrow next to the instrument below and selecting from the drop down menu).