have shown a noticeable uptick in bullish responses over the past few months as the stock market moved higher. But portfolio positioning data of active investment managers didn't reflect the increase in bullishness.
For example, the most recent Fund Manager Survey from the bank showed utility stocks as the least overweight sector, but hedge fund holdings data show a 20% net long position in utilities, which is a near record. Subramanian said the bearish positioning among hedge funds comes at a time when investors should be playing more offense than defense in the stock market. That means the 5% sell-off in stocks this month is likely a buying opportunity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq rises as Nvidia sparks tech rally: Stock market news todayThe Nasdaq popped after Nvidia's earnings smashed Wall Street's expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsTechnology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.3% higher early Thursday, continuing a strong week that has trimmed its loss for August so far.
Source: CTVNews - 🏆 1. / 99 Read more »
Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsNEW YORK (AP) — Technology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street slips ahead of a highly anticipated speech from the Federal ReserveNEW YORK (AP) — Stocks are slipping on Wall Street Thursday, despite a blowout profit report from one of its most influential companies, after a couple mixed reports on the U.S. economy. The S&P 500 was 0.4% lower in midday trading after flipping from an earlier gain. It's still on track for a winning week, which would trim its loss for what's been a dismal August. The Dow Jones Industrial Average was down 83 points, or 0.2%, at 34,389, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »