Wednesday, September 1, 2010
Only 17% of Hedge Fund Managers Bullish on S&P 500 According to Survey
New York, NY – August 30, 2010 – Only 17% of hedge fund managers are bullish on the S&P 500, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for August. About 47% of the 104 hedge fund managers surveyed in the past week are bearish on stocks, up markedly from 33% in July.
“Bearish sentiment skipped sharply higher, and bullish sentiment plunged,” said Sol Waksman, founder and president of BarclayHedge. “Meanwhile, short interest is heaviest in the most cyclical sectors, and from a seasonality standpoint September is far and away the worst month of the year for stocks. The developments hedge fund managers are telegraphing bode ill for equities.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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