Van Hedge Fund Advisors International, LLC ("VAN") released today its market sentiment indicators for U. S. equities, the U.S. Dollar and the U.S. Treasury 10-year Note.
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 U.S. Dollar and the U.S. Treasury 10-year Note will perform over the current month.
The managers' pessimistic view on the U.S. Dollar and the U.S. Treasury 10-year Note continues into December. With respect to the U.S. Dollar, 60% of the managers expect it to continue its slide, while 80% expect the 10-year Note to move lower. One notable change this month is in the S&P 500, where the group has relented on their bearish stance; 55% now expect the index to end December higher.
Van Hedge Fund Advisors International, LLC is a global hedge fund advisory firm which constructs hedge fund portfolios for international institutions and wealthy investors. VAN (and its affiliates) bases its work on its pioneering research on hedge funds begun in the early 1990s and by drawing on a hedge fund database which it believes to be the world's largest.
VAN attempts to be accurate in providing the Indicator information but does not guarantee its accuracy. The Indicators above are provided solely as information on the thinking of a group of hedge fund managers. They are not intended as guides to investing decisions. Investors invest at their own risk.