FTAlphavilleFT Alphaville is a 2008 Webby Award Winner

• News
• Markets Live

US hedge fund managers remain solidly bearish on US equities and the dollar but are divided on the outlook for the US Treasury 10-year note, according to Greenwich Alternative Investments’ latest market sentiment indicators for US equities, the dollar and the US Treasury 10-year note, reports Finfacts.com [via Hedgewire].

As was the case in March, a big majority of managers - 69 per cent - said they expect the S&P 500 to end April lower, vs 23 per cent higher and 8 per cent unchanged.

The majority of the managers also maintained a pessimistic view on the dollar, as 54 per cent report a bearish position, vs 23 per cent bullish and 23 per cent neutral. Lastly, the group again presented a divided outlook on the US Treasury 10-year note, as 31 per cent are bullish, 31 per cent bearish and 38 per cent neutral.

The Greenwich Alternative Investments Macro Sentiment Indicators are based on the outlook of hedge fund managers employing a macro view and who manage, in aggregate, in excess of $30bn in assets.