Nasir Kachroo | NurPhoto | Getty Images
If the market is on its way back up, hedge funds will start adding back risk and loading up on their age-old, top stock picks, according to Jefferies. "The de-risking by hedge funds seems to be behind us and if the market marches higher, we think hedge funds go back to their 'tried & true' names," Jefferies equity strategist Steven DeSanctis said in a note to clients on Tuesday.
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:
Pro Dear Middle class the media scared u into believing that u were going to die, they closed everything, u got laid off, u sold your stocks to pay your bills-the market goes up but u are left with nothing -hedge funds bought your stock -the market doubles-Rich get richer UGOTROBBED