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Stock Bulls Hope Record Hedge Fund Bond Short Is Wrong
According to the most recent available positioning snapshot, hedge funds pushed an already historic
Such short position implies a view the 2022 regime would make a come back, last year it made a lot of sense to short treasuries, this year that bet rests on a much more nebulous macro (not to mention the political calculus of congressional GOP members), gutsy call but if I were a hedge fund manager I would take the other side of that gamble.