(Bloomberg) The steady drumbeat of gains that has lifted the S&P 500 Index in six of the last seven weeks is making life difficult for bears.
Hedge funds that aim to profit from long and short bets have raised net equity holdings in the past three months, with bullish positions now exceeding bearish ones by 22.7 percentage points. That’s higher than 97 percent of the time since Credit Suisse Group AG began tracking the data in 2009.
