This comes via a Bloomberg article (gated) relaying information from JP Moprgan:
- their proprietary US Tactical Positioning Monitor, which measures clients’ exposure to US stocks, has reached a level that reflects an “attractive setup” for the snp500
- the gauge has historically gained about 3% over the next 20 days after a similar four-week positioning change, compared to a gain of about 1% for all periods.
Bloomberg adds that its own information shows that investors withdrew about $200 million from value-based exchange-traded funds this month:
- growth stocks attracted more than $3 billion in capital flows
This article was written by Eamonn Sheridan at www.forexlive.com.
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