Hedge Funds Walk, Retail Talks When It Comes To US Stocks

Authored by Simon White, Bloomberg macro strategist,

Sentiment of retail investors in US stocks is very negative, but they have yet to significantly reduce their equity allocation. Hedge funds, on the other hand, look to have materially reduced their stock exposure, or are net short.

Stocks are trying to claw their way back from this year’s losses, benefiting from every new U-turn from the Oval Office.