US hedge fund mangers have made a notable shift in their position on the US Treasury 10-year Note, reversing their bearish stance (50%) in August to become bullish (50%) for September. Or so finds the Van Hedge Fund Advisors International (VAN) market sentiment indicators for US equities, the US Dollar and the US Treasury 10-year Note.
In regards to the U.S. Dollar, the outlook for September has turned bearish. Finally, while the majority of the group expected to see the S&P 500 finish August higher, they have become bearish (50%) on the index for September.
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 $33 billion in assets. The purpose of the indicators is to reveal how these managers believe the S&P 500, the U.S. Dollar and the US Treasury 10-year Note will perform over the current month. US Equities (S&P 500)