Hedge Fund Bears Dominate S&P 500
(Bloomberg) -- Dan McMahon, director of institutional equity trading at Raymond James & Associates, talks about the stock and bond markets and investment strategy. McMahon speaks with Pimm Fox and Olivia Sterns on Bloomberg Television's "Bloomberg Markets." (Source: Bloomberg)
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The wall of worry has gone back up and hedge funds don’t think U.S. stocks will get over it this time.
They’re expressing the view in futures tracking the Standard & Poor’s 500 Index, where bearish positions outnumber bullish ones by the most in eight months. Skepticism has crept into an exchange-traded fund tracking the gauge, too, as short interest has climbed to the highest since October.