Prime Brokers: Stocks In Resistance Zone As Algo Exhaustion Can't Maintain Market FirmnessMark Melin
With equities appearing to reach a point of algo exhaustion and the dovish message from Janet Yellen being tempered by an increasingly hawkish tone from the U.S. Federal Reserve on interest rates, the extent of the stock market rally could be about to slow or potentially reverse.
It is against this forward looking market view that JPMorgan’s Prime Brokerage Weekly Hedge Fund Snapshot looks back and sees increased leverage with increased net covering. Likewise, Credit Suisse’s global hedge fund bulletin notes . . .
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