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Bears Become Bulls in Unbroken U.S. Stock Market Rally: Chart
Bears Become Bulls in Unbroken U.S. Stock Market Rally: Chart
12 Oct 2017, 10:05 AM IST
(Bloomberg) -- With the momentum driving U.S. stocks to one record after another showing few signs of breaking, even a group of money managers ranked as the most skeptical are loading up on equities. That’s according to a weekly survey by the National Association of Active Investment Managers, which found them to be more than 90 percent long the market. They typically have a net short position averaging 93 percent, according to data going back to 2006.
To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net.
To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net, Richard Richtmyer
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