FYI: There’s probably room for more capitulation when it comes to U.S. stocks.
Hedge funds that had stocked up on American equities are still sitting on substantial inventory, according to Sundial Capital Research Inc. While exposure to the S&P 500 Index among long-short equity funds has come down significantly from the record high of early October, it’s still well above levels that marked other market lows over the past decade, Sundial President Jason Goepfert wrote in a note to clients Friday.
Regards,
Ted
https://www.fa-mag.com/news/hedge-funds-have-stocks-to-dump--in-bad-sign-for-sell-off-42289.html?print
