Hedge Funds Buy US Stocks, All Others Sell: BAML

Bank of America Merrill-Lynch in their weekly hedge fund monitor dated Jan 14 2013, predicted that the S&P 500 (INDEXSP:.INX) would see a major correction during the first half of 2013. The prediction was based on the Commitment of Traders Eurodollar futures positioning and its correlation to the S&P 500, but it has not materialized as yet. Bank Of America Merrill-Lynch Hedge Funds Monitor S&P 500 (INDEXSP:.INX) posted a 2 percent gain in last two weeks and is now up 15 percent for the year and so far has shown no signs of slowing down. BofA clients however were net…