HomeEconomyColumn - Fund's pivot hopes vanished as Fed doubles bets: McGeever Economy Column – Fund's pivot hopes vanished as Fed doubles bets: McGeever By inew September 26, 2022 0 115 views Share FacebookTwitterPinterestWhatsApp us 52 -1.33% Add to Watchlist/Remove from Watchlist ) Add to watch list Add Location Treasure site has been successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 21 1: 40 1: 50 ) GS -3 .26% add to/remove from watchlist to watch list Add Location Location successfully added to: Please name your dings Portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 26 1: 50 1: 75 1: 65 1: 72 Committee: CREATE NEW WATCH LIST CREATE 8839 Create new holding portfolio add create 8839 + Add another position to close BARC -2.20% 1980 Add to Watchlist/Remove from Watchlist Add to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value : Leverage: 1:1 1: 1: 1: 10 1: 331: 23 1: 52 1: 200 1: 166 Committee: CREATE NEW WATCH LIST CREATE 8839 Create a New Holding Portfolio Add Create + Add another position to close ESZ2 -0.11% 2020 added to/from watchlist delete ) Add to watch list Add Location Added location successfully to: Please name your portfolio type: purchase Sell date: quantity: price Point Value: Leverage: 1:1 1: 1: 1: 111: 191: 261: 75 1: 72 1: 52 Committee: CREATE NEW WATCH LIST CREATE 2022 2020 C create A new holding portfolio is added to create 8839 + Add another position to close by Jamie McGeever ORLANDO, FL (Reuters) – Hedge funds head into September at the Fed – Policy meeting bets on dovish pivot coming sign. They got a pivot, but unfortunately for them it was a double down hawk Signals that interest rates will continue to rise until inflation is firmly back on target, regardless of the economic impact. The latest report from the US Commodity Futures Trading Commission shows that speculators reduce their short interest rate positions, 1980 Standard & Poor’s 65 , and Treasury futures for the week ending September and significantly reduced their net-long USD position. A short view on is essentially a bet that the asset price will fall, while a long position is a bet that it will rise. In bonds and interest rates, yields fall when prices rise and rise when prices fall. Funds scaling back exposure may be inevitable until the Fed makes a decision. Some positions and underlying assets are already at or near historical extremes – the USD exchange rate is – Year-to-year peaks, implying Fed rates are nearing 4%, and Wall Street and U.S. Treasuries have had their worst year ever. days after the third rate hike 21 basis points and clear message of further tightening ahead, however, stocks and bonds fell, interest rates and the dollar soared. There is a good chance that funds will reload their “doom and pessimism” trades. “As financial conditions are expected to become more stringent, our outlook is now at 200,” 500788 Barclays (London: BARC) US economists wrote on Friday. “As the bar to end rate hikes gets higher, the risk of severe over-tightening has heightened.” According to Goldman Sachs (NYSE: 1980GS), US financial conditions are currently the tightest since April 65 Worst case since the Great Depression in the week ending September , the most significant positional change In Currency, CFTC Speculators and Leverage Accounts cut their bullish dollar bets by about $7 billion to $10.2000000000. This is the largest weekly change against the dollar since March 166. Much of this was due to a shift to net-long euro positions for the first time since June. This11, – Contract volatility is the largest since March 219 and the sixth largest volume since the launch of the Euro futures contract s. It appears speculators have seized on the ECB’s newfound hawkishness, even though the euro is now comfortably below dollar parity, which seems wrong. Likewise, the Fund reduced its net short position in GBP , contract, the biggest gain in six weeks. That was before Friday’s 3.5% drop in GBP/USD, the seventh-biggest one-day drop of the past 13 year. On interest rates, CFTC speculators trimmed their net short position in three-month “SOFR” futures , signed a contract with , contract, the smallest net short in seven weeks. they reduced at ‘s net short position -Year US Treasury Futures 11, contract, the biggest short in the past five months Compensation action. In equities, they reduced their net short position in Standard & Poor’s 60 Futures go through40,75 and signing the contract,100, the smallest net short in two months. It was the most “bullish” weekly move since May. However, the sell-off in all markets since then has been brutal. According to Charlie Bilello of Compound Capital Advisors, a typical 26/ U.S. equity and bond portfolio declines .3% Year-to-date, invested 123 is of course the second worst year after . (The views expressed here are those of the author, a columnist for Reuters.) Related columns: In the reverse currency war, there is only one winner (September ) The market is tight? Wait until QT really starts (September) Whispers of ‘sterling crisis’ no longer a fantasy (September 7) 1931 (Written by Jamie McGeever; by Lisa Edited by Shumaker) Share FacebookTwitterPinterestWhatsApp Previous articleFisker to sell electric SUV in India for local productionNext articleInterview: Goodbye, Don Gris!film director atsuko Ishizuka inewhttps://inew.news RELATED ARTICLES Economy UBS postpones its second-quarter results until Aug. 31 June 7, 2023 Economy SEC’s crypto lawsuits, Chinese trade data, OECD outlook – what’s moving markets June 7, 2023 Economy UK payments watchdog sets mandatory reimbursement for app fraud victims June 7, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. 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