JPMorgan analysts expect a near-term tailwind for equity markets as macro hedge funds begin rebuilding equity exposure after a sharp reduction in risk during March’s market volatility’s according to a report by Investing.com.
The report cites JPMorgan strategist Nikolaos Panigirtzoglou as writing in a client note that macro funds significantly reduced their equity exposure last month, leaving them under-positioned for any subsequent recovery in risk assets.
He argued that this positioning gap co...
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