JP Morgan Chase: Dollar and U.S. stock market declines driven by speculators, not for hedging purposes
2025-05-01 02:05:37
JPMorgan Chase said that the recent pullback in US stocks and the dollar was most likely caused by speculative investors such as hedge funds taking short positions in both US stocks and the dollar. Strategists including Nikolaus Panigirzoglu wrote in a report that there is little evidence that actively managed equity fund managers outside the US have stepped up their hedging against a weaker dollar.
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