Hedge funds are slowly boosting their bearish bets on the US stocks as overstretched valuations and Sino-US tussle make risk assets vulnerable to pullback.
Net shorts in the S&P 500 E-mini futures rose to their highest level in two months in the week ended Aug. 11, according to a Bloomberg report.
A potential sell-off in the equity markets would bode well for the anti-risk currencies like the Japanese yen and the US dollar and weigh over the high-beta Aussie dollar.
Reprinted from FXStreet，the copyright all reserved by the original author.
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