Hedge fund managers have mixed views over the outlook for US equities and dollar for the month ahead, although remaining bearish over the price of government bonds, according to the latest market sentiment indicator released on Tuesday by Van Hedge Fund Advisors International.
According to Van, which bases its monthly indicator on the opinions of hedge fund managers employing a macro view and managing some $30 billion in assets, the bullish consensus on the US dollar has abated somewhat from January, with 48% expecting the currency to continue moving higher and 35% anticipating little change.
Regarding the S&P 500, opinion amongst managers is divided, with 43% anticipating the index will close the month higher and 35% predicting that it will close lower.
However, the indicators show that sentiment towards the US Treasury 10-year Note remains overwhelming bearish, with 65% expecting the price to trend lower through February, while only 22% expect the price to climb.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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