Hedge Fund Managers More Bullish On US Stocks

by Carla Johnson, Investors Offshore.com

05 July 2005

Van Hedge Fund Advisors International, LLC has released its market sentiment indicators for U.S. equities, the U.S. Dollar and the U.S. Treasury 10-year Note.

The VAN Macro Sentiment Indicators are based on the outlook of hedge fund managers employing a macro view and who manage, in aggregate, in excess of $30 billion in assets.

The majority of the Managers still maintain a bullish outlook for U.S. equities in July with 50% expecting the index to move higher, although a number of managers have come off of the fence since June meaning that 39% expect shares to fall in July. This compares to 22% who held the same view last month.

The group has backed off their bullish stance on the U.S. Dollar from June and holds a divided outlook for July with 39% expecting a rise in the greenback, against 33% expecting a drop in its value.

Lastly, the managers also hold a mixed opinion in regards to the price of the U.S. Treasury 10-year, as 33% are bullish, 28% bearish and 39% neutral on the 10-year Note. Last month, 48% were in the bearish camp, while 22% were neutral.

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