US hedge fund managers have changed their bearish stance on the US Dollar over the last two months and become decidedly bullish for August. More than half of the managers (54%) polled by Van Hedge Fund Advisors expect the US Dollar to end the month higher.
With respect to the US Treasury 10-year Note, the managers have become increasingly bearish, with 50% anticipating the 10-year will end August lower. Finally, the managers continue to remain divided on their outlook for the S&P 500, with a slight bias higher.
Van Hedge Fund Advisors 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 U.S. Treasury 10-year Note will perform over the current month. The Indicators are published monthly on or about the fifth business day and provide the managers’ outlook for that month.