Commodity Online reports that hedge fund managers have turned bullish on U.S. equities, according to BarclayHedge and TrimTabs Investment Research. Bullish sentiment on the S&P 500 among hedge fund managers soared to 43% in July, the largest share since December 2010, from 27% in June. Bearish sentiment sank to 27%, the smallest share since January 2011, from 38%.
“This reversal is striking,” says Sol Waksman, founder and President of BarclayHedge. “Hedge fund managers were meaningfully bullish on domestic stocks in only one month in the first half of the year. Our research shows that hedge fund sentiment is a decent leading indicator, so the shift could help support stock prices in the near term.”
Managers remain very sour on long-dated Treasuries. Bearish sentiment on the 10-year note edged lower to 42% in July from 44% in June. Bullish sentiment sank to 12%, the smallest share in more than seven months, from 18%. Meanwhile, managers remain modestly bullish on the U.S. Dollar Index. Additionally, 16% aim to lever up in the near term, while 11% plan to deleverage.
http://www.commodityonline.com/news/Hedge-fund-managers-turn-bullish-on-US-equities-2011-08-04-41347-3-1.html
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