Positioning and Sentiment Report: Hedge Funds and Real Money Extend DXY Disagreement
- By Ben Ford
- Sign-up to discuss on Slack
- 5 min read
Summary
-
- Hedge funds (HF) continued to extend DXY net-shorts while disagreement (meaning further long and short positions) built in AUD. And while there is a large consensus to be net-short US rates, there is growing long and short positioning in both the US 2Y and 5Y. Lastly, in equities, HFs are positioned for MSCI EM equities to outperform DM.
-
- Real money (RM) accelerated into DXY net-longs while they piled into $-bloc net-shorts, remained heavily overweight across most of the US curve, and pared equity net-longs.
Summary
-
- Hedge funds (HF) continued to extend DXY net-shorts while disagreement (meaning further long and short positions) built in AUD. And while there is a large consensus to be net-short US rates, there is growing long and short positioning in both the US 2Y and 5Y. Lastly, in equities, HFs are positioned for MSCI EM equities to outperform DM.
-
- Real money (RM) accelerated into DXY net-longs while they piled into $-bloc net-shorts, remained heavily overweight across most of the US curve, and pared equity net-longs.
Subscribe to Macro Hive Professional to read this article
and enjoy exclusive professional features such as in-depth analysis, insightful op-eds, and more.
Already have Macro Hive Professional account? Log in