Hedge Funds Short S&P 500, Long International Stocks As Gold Shines

Hedge funds increasing S&P 500 short exposure while a long trend in the currency market could be coming to an end and interest rates are witnessing leveraged funds in an interesting relative value position along the yield curve. Deutsche Bank global research notes that, as the price of oil has been dropping and gold on an up and down trend pattern generally higher, hedge fund positioning has indicated similar exposure patterns to benefit from such moves.

Gold is shining in hedge fund eyes as momentum signals on their toes

The price chart of gold has not exactly mimicked the stock market. While The S&P 500 index...