Trend followers unwind shorts as U.S. markets extend rally: BofA

Trend followers unwind shorts as U.S. markets extend rally: BofA


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A continued surge in U.S. equity markets is prompting trend-following investors to reassess their short positions, according to Chintan Kotecha, a derivatives analyst at Bank of America.

“Trend followers may be unwinding U.S. equity shorts,” Kotecha said in a May 2 report, as

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