Reported 8 months ago
Despite Wall Street strategists raising targets for the S&P 500 Index, hedge funds are becoming more cautious about equities due to the Federal Reserve’s stance on interest rates, softer economic data, and narrow stock market performance. Hedge funds reduced exposure and were net sellers of US equities last week, particularly in index funds and ETFs, but were net buyers of single stocks. The divergence in market breadth is leading hedge funds to be more selective and cautious about further gains.
Source: YAHOO