Seeking Alpha

An early look at the BAML May fund manager survey shows hedge fund equity exposure (VTI) at the...

An early look at the BAML May fund manager survey shows hedge fund equity exposure (VTI) at the highest in 7 years, +45%. Commodity exposure (DBC) is a negative 29%. Cash is at 4.3%. Sectors: It's a record-low exposure to energy (XLE) at -17%. Japan (EWJ, DXJ) at +31% is the highest in 7 years.
Comments (1)
  • The hedge funds don't follow the market, they ARE the market. Clearly they all zig and zag at the same time, like that commercial for Columbian coffee where the cruise ship is listing to starboard because that's the side where the coffee is being served. Looks like a good time to be cautious on equities, long on commodities and energy. After the tide comes in, it goes out again.
    14 May 2013, 10:37 AM Reply Like
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