The outlook for US equities has turned positive for June as 52% of the hedge fund managers monitored by Van Hedge Fund Advisors anticipate the S&P 500 will end the month higher.
Despite the strong run up in the US Dollar during May, 61% expect the Dollar will continue moving higher in June. Finally, the managers believe the US Treasury 10-year Note (price) will weaken in June as 48% expect to see the 10-year end the month lower.
The 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 $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.