Asset Managers Pair Back Equity Longs To A Three Year LowMark Melin
With U.S. equity prices nearing or breaking year to date highs, asset managers had decreased their net long exposure to equities by $900 million, touching a three year low in net positioning. Asset managers also sold $33 billion in 10-year treasury notes over the last four weeks, a Futures and Hedge Fund Positioning report from Bank of America Merrill Lynch shows.
Asset managers selling treasury notes typically leads to oversold rally
Historically, asset managers selling treasury notes “tends to trigger Sign up here
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