Bank of America Merrill-Lynch in their weekly hedge fund monitor dated Jan 14 2013, predicted that the S&P 500 (INDEXSP:.INX) would see a major correction during the first half of 2013. The prediction was based on the Commitment of Traders Eurodollar futures positioning and its correlation to the S&P 500, but it has not materialized as yet. Bank Of America Merrill-Lynch Hedge Funds Monitor S&P 500 (INDEXSP:.INX) posted a 2 percent gain in last two weeks and is now up 15 percent for the year and so far has shown no signs of slowing down. BofA clients however were net…
Hedge Funds Buy US Stocks, All Others Sell: BAML
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.