Why this JPMorgan strategist thinks the stock market’s tailspin might have run its course
Summary
A JPMorgan strategist suggests the recent stock market decline may be ending as hedge fund exposure has decreased significantly from its September peak. Based on this reduced positioning, the firm concludes that further downward pressure on equities is likely limited.
Hedge fund positioning has lightened considerably since its recent September peak, and JPMorgan strategists deduce from this that downside for stocks is now limited.
Source: Read the full story at MarketWatch.com - Top Stories
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