Premium"No Offense Being Played": Hedge Funds Add Gross, Cut Nets As CTAs Hit "Target" And Buybacks Go Dark
Two weeks ago, hedge funds were "increasing exposure without conviction". Last weekend, that conviction had collapsed to "Liberation Day" lows. And earlier today we showed that, one more S&P record later, the pros were dumping tech while finding "records everywhere except conviction".
Now Goldman's two Monday positioning gurus have weighed in, and the verdict is the same, only more so.