皇冠博彩app
热门标签

Skeptical on U.S. stocks, equity hedge funds sit out market rally

时间:1天前   阅读:4   评论:2

皇冠登三出租www.hg108.vip)是皇冠(正网)接入菜宝钱包的TRC20-USDT支付系统,为皇冠代理提供专业的网上运营管理系统。皇冠登三出租系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统,让皇冠代理的运营更轻松更安全。

NEW YORK: Still uncertain on where U.S. stocks are headed, equity hedge funds are sitting out the market rally despite taking big paper losses on bearish bets since June, according to industry executives and market data.

After slumping more than 20% during the first half on worries aggressive U.S. Federal Reserve rate hikes aimed at taming inflation may cause a recession, the S&P has rebounded 17% since mid-June on signs prices may be stabilizing.

However, hedge funds have remained on the sidelines of the rally to assess more economic indicators before re-calibrating their portfolios, said prime broking executives and fund managers.

In a sign of their dim view of the market, hedge funds are sitting on a record $107 billion worth of net short positions - or negative market bets - in S&P 500 futures, according to BNP Paribas calculations based on regulatory data from last week.

That skepticism among sophisticated investors with $1.1 trillion in assets globally suggests the rally could be short-lived, according to prime brokers.

"This is probably one of the most disliked rallies in the market across all client segments," said a prime broker at a Wall Street bank, noting funds have been selling long positions into the rally. "The first week of August was one of our largest de-risking weeks we've seen in the last five years."

Stocks are rallying largely because some investors believe the Fed will pull back on tightening monetary policy sooner than previously expected, although Fed officials aren't making that promise.

,

足球分析师www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。足球分析师上足球分析专家数据更新最快。足球分析师开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

Not all bearish hedge funds have been able to maintain their short positions, and some of the market's recent gains have likely been fueled by investors unwinding or "covering" those bearish bets, the people said. That process involves buying back stocks the funds had borrowed to sell short.

NOT A GREAT SIGN

"There was a lot of coverage by hedge funds while the market went up," said Kris Kwait, chief market strategist at Commonfund, an asset manager which invests in hedge funds.

Kwait added that the fact hedge fund covering appeared to be driving the rally was "not a great sign" for its sustainability.

When the rally gained steam in July, hedge fund sales of long positions and purchases to cover short positions in non-essential consumer goods stocks, for example, were among the largest in the past five years, according to Goldman Sachs data.

Max Grinacoff, U.S. equity and derivatives strategist at BNP Paribas, said short covering continued in August, and last week "in particular", after Wednesday Consumer Price Index data suggesting inflation may have peaked sent stocks higher.

Since June 16, short sellers have suffered unrealized losses of $174 billion, although they are still up $162 billion in unrealized gains this year, according to financial analytics firm S3 Partners.

上一篇:菲律宾欧博网欧博手机版网址:Cháy dữ dội dãy nhà ở Phú La, quận Hà Đông

下一篇:欧博APP(www.aLLbet8.vip_王晶星途引路 遭恶毒攻击 王子涵 唔畀人睇死

网友评论

  • 2023-01-27 01:32:00

      3月8日,麦当劳宣布将暂时关闭俄罗斯境内的850家门店;5月16日,麦当劳正式宣布退出俄罗斯市场,随后将其在俄业务出售给俄罗斯加盟商戈沃尔,其他加盟商可以选择在新品牌下继续经营。一定一定要看这个!