BREAKING 🚨: Fund Managers
Fund Managers have missed out on the recent stock surge after recently reducing their equity exposure to the lowest levels in 2 years 👀 Source: Barchart, BofA
Hedge fund capitulated with second biggest short covering panic on record during Monday melt-up 🚀
On Monday, the Goldman Prime Brokerage Global equities book saw the second largest notional net buying in 5 years (+4.3 sigma), driven by short covers and to a lesser extent long buys (1.6 to 1). All regions were net bought, led by North America and to a lesser extent Europe (both led by short covers). Goldman HF Prime report shows that hedge funds net bought US equities at the fastest pace since Apr 9th (+4.0 sigma one-year), driven by short covers and long buys (1.5 to 1). Single Stocks / Macro Products were both net bought and made up 53% / 47% of the total notional net buying, led by short covers / long buys, respectively. Source: Goldman, zerohedge
Jim Cramer Remains Undefeated His "Black Monday" warning occurred at the EXACT time that the Stock Market bottomed.
S&P 500 is now in a bull market Source: Barchart
"History does not repeat itself but often rhymes" - Mark Twain
On the back of lower than expected inflation CPI report yesterday, the S&P 500 joined the Nasdaq 100 in the green year-to-date, erasing all of the April pullback. The S&P 500 Trump Tariffs 2.0 line is catching up with the Trump Tariffs 1.0 one... Source: zerohedge
After a 22% rally from the April 7 lows, the S&P 500 is now up on the year.
One of the biggest short-term comebacks in market history. $SPX Source: Charlie Bilello
Dark pools are a bigger and bigger part of the stock market, now eclipsing volume at exchanges
Source: Markets & Mayhem, Apollo
BREAKING: Hedge Funds
Hedge Funds were long volatility, short U.S. Dollar, short equities, and short Bitcoin $BTC before the U.S.-China trade agreement was announced... Source: Barchart, Bloomberg
The S&P500 is flat on the year and less than 5% away from new all-time highs.
Congrats to those who stuck with their plan. Source: Ryan Detrick, CMT
