Hedge fund money is leaning very hard into being short. They're like the leverage funds, and they are kind of like a little surprise because they got a bit burned in March when the banking crisis broke. There's also some kind of arm trading you can do. But I do think the kind of the trend followers, the quants are still leaning to short. It depends what happens. Feds going to stay, you know, at least high, even if they stop tightening.
Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick discusses how the world’s biggest money managers are split over how much further inflation will retreat from the highest levels in decades. Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News Reporter Simone Foxman break down news from consumer related companies. Lonne Jaffe, Managing Director for Insight Partners, explains why 2023 will be the year that AI truly breaks into the general population’s awareness. Bloomberg News Bankruptcy Reporter Steven Church provides the details of his Businessweek story Crypto Quest for Freedom Ends in Bankruptcy Bureaucracy. And We Drive to the Close with Alan Zafran, Co-CEO at IEQ Capital.
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