Wall Street Bets on Year-End US Stocks Rally
4 Articles
4 Articles
Hedge fund short covering fuels US equity rally as Wall Street eyes…
Wall Street trading desks are forecasting a potential year-end rally in US equities as hedge funds and systematic investors rebuild exposure following October's sharp deleveraging, with bearish positioning creating scope for further market gains, according to a report by Bloomberg.Hedge funds reduced equity exposure and increased short positions ahead of the US midterm elections, pushing bearish bets close to a five-year high. Systematic strateg…
According to Scott Rubner of Citadel Securities, US stocks are poised to rebound towards the end of the year, as the midterm elections remove a significant source of uncertainty, corporate earnings remain resilient, and investor positions leave room for further buying.
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