Markets bounced back, but hedge funds are fading the rally
Equity markets staged an impressive rebound since the August 5 sell-off but it appears that hedge funds are fading the ongoing rally, Goldman Sachs analysts pointed out in a recent report.
But despite the recovery, Gross and Net leverage ratios have declined in August, pointing to a continued cautious stance with little recovery in risk appetite following July's significant de-grossing, Goldman analysts note. Information Technology is the most net sold sector month-to-date, driven by shorts in Semiconductors and Semiconductor Equipment, partially offset by long buys in Software.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets expect selling exhaustion in Copper marketsThe Red Metal may now be nearing local lows. CTAs may still have some dry-powder to sell, but are unlikely to do so unless prices break below the $8440/t range, TDS senior commodity strategist Daniel Ghali notes.
Read more »
The hedge fund trade unwind that jolted Wall Street this week may continue to agitate marketsPrevious instances show a process that took years to calm.
Read more »
Asian shares mixed as jitters calm over global markets while uncertainty lingersAsian shares traded mixed Wednesday, as Japan’s benchmark perked but quickly ran out of steam from news the prime minister won’t seek re-election as head of the ruling party.
Read more »
Asian shares mixed as jitters calm over global markets while uncertainty lingersAsian shares traded mixed Wednesday, as Japan’s benchmark perked but quickly ran out of steam from news the prime minister won’t seek re-election as head of the ruling party. Japan’s benchmark Nikkei 225 was down 0.1% in Wednesday morning trading. Shares were higher in Sydney and Seoul, but lower in Hong Kong and Shanghai.
Read more »
Asian shares mixed as jitters calm over global markets while uncertainty lingersAsian shares traded mixed Wednesday, as Japan’s benchmark perked but quickly ran out of steam from news the prime minister won’t seek re-election as head of the ruling party.
Read more »
UK, U.S. inflation prints in focus as European markets head for higher openEuropean stocks are expected to open higher Wednesday as investors in the region await key inflation prints from the U.S. and U.K.
Read more »