Hedge funds are finally starting to believe in the stock market's latest rally, but one analyst warns that any move higher will be fleeting

Jan 11 2023 by Business Insider

 

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Hedge funds are starting to believe the latest rally in the stock market, according to Ned Davis Research.The research firm said asset managers have recently reduced their net short positioning.But Fairlead Strategies' Katie Stockton said any rally will be fleeting as the S&P 500 faces tough resistance at 4,000.

US stocks have so far turned a new leaf in 2023, and hedge fund investors are starting to take notice, according to Ned Davis Research.

The S&P 500 is up 3%...

Continue Reading Hedge funds are finally starting to believe in the stock market's latest rally, but one analyst warns that any move higher will be fleeting