In the Margins
During the past 10 weeks, when nearly $3 trillion was added to U.S. share values, mutual funds hoarded cash, short sellers tightened their grip on bearish bets, and individuals bailed out of the market. The divergence between sentiment and prices has been so wide that 2016 is shaping up as the “Year of the Wrong-Way Trade,” beginning with hedge funds that lost the most money in four years betting on momentum stocks. Read the original story from Bloomberg.
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