Van Indicator Reveals Mixed Sentiment For Coming Month

by Carla Johnson, Investors Offshore.com

03 March 2005

Van Hedge Fund Advisors International has released its market sentiment indicators for US equities, the US dollar and the US Treasury 10-year note.

The indicators, which take into account the views of hedge fund mangers employing a macro view, have revealed this month that sentiment regarding the direction of equities and the US dollar is somewhat mixed at present, although many managers continue to hold a bearish view on the direction of the price of Treasury notes.

According to Van, some 42% of those polled believe that the S&P 500 will rise this month, against 29% who believe it will fall.

On the US dollar, opinion was even more divided, with 45% expecting the currency to rise in value, compared to 42% who are anticipating its value to fall.

However the majority of fund managers continue to hold a bearish or neutral view regarding the price of the US 10-year note for the month of March, with 54% expecting the price to fall, against 25% expecting it to rise.

Nonetheless, this figure is a slight improvement on February’s survey, when 65% of managers were bearish of the 10-year note.

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