Market move● Neutral for Indian equities
US Market: Record equity exposure leaves systematic funds exposed to pullback
The brief
- Volatility-control funds and CTAs held historically high equity exposure after the S&P 500 rally
- A volatility spike could expose systematic funds to a pullback
- Stocks upbeat, dollar wobbles as Fed hike bets recede
- Rising US Treasury yields put pressure on Wall Street’s AI rally
- Nasdaq hits record as weak US jobs data cools rate-hike bets
- US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Rising bond yields, US midterms and earnings challenge stocks’ usual fourth-quarter strength