Asset Managers Pair Back Equity Longs To A Three Year Low
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 SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
Historically, asset managers selling treasury notes “tends to trigger
