The majority of US hedge fund managers remain bullish in their outlook towards US equities according to Greenwich-Van's latest market sentiment indicators.
Some 56 per cent of those surveyed said they expect the November rally in stock stocks to continue into December. Meanwhile, the US dollar may have mounted a strong rally in November, but the managers hold a divided view for the coming month with 39 per cent anticipating the dollar will continue higher verses 44 per cent lower. And finally, the outlook for the US Treasury 10-year note is evenly divided with 39 per cent expecting it to continue its advance with the same number predicting the 10-year to end the month unchanged.
The Greenwich-Van Macro Sentiment Indicators are based on the outlook of hedge fund managers employing a macro view and who manage, in aggregate, in excess of USD 30 billion in assets. The purpose of the indicators is to reveal how these managers believe the S&P 500, the US Dollar and the US Treasury 10-year Note will perform over the current month.
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