That is very strange .... Since the Omicron news was announced at the end of Nov 2021, many index futures day ranges started to increase massively. And it is still rather big. If you go can calculate the cumulative day range since at the end of Nov 2021, it is really huge. Big day range is very good for trading. Perhaps those hedge fund managers can only press BUY button first, SELL later. And they can't press BUY or SELL button first. Then SELL or BUY later. Or did they look at the chart upside down? something very wrong with those hedge fund managers. They should be earning a record return and not the worst return!
WTF? "The average hedge fund is up 11.4% in the first 10 months of 2021" S&P is up 21.59% over the same period. So they take 2 and 20 to underperform by 50%? I guess the difference went into Roederer Cristal and sniffing coke from hookers' coochies. Y'all enjoy while it lasts.
Funds invested in the S&P500 and NASDAQ did well yesterday though. Biggest single day gain since March this year.
If you look at the indexes they look great but many of the underlying stocks have gotten hammered & are in ugly down trends.
there're 3,691 hedge funds in the US. Probably, most of the fund managers are smart but I think whales like Goldman Sach, Vanguard, Black Rock are smarter because they trade with the FED (at least basing on their assessment in the past). probably, these whales might have trading program that hunts for the trigger point to set off the selling program in a hedge fund, and collect shares at lower price.