US Equities Weekly Rundown

US equities saw weekly losses as strong employment data pushed interest rate expectations higher. Despite the market pullback, institutional hedge fund activity showed continued buying, though volatility measures saw a significant spike.

Key Takeaways

• 1.US equities fell significantly as a stronger-than-expected Non-farm Payrolls report increased concerns about the rates outlook.
• 2.Hedge funds continued to net buy US equities for a third consecutive week, despite the broader market decline.
• 3.The VIX spiked above 20, marking the first 20-handle of the quarter and signaling a shift in sentiment regarding market complacency.

Table of Contents

• Portfolio Manager's Summary
• What We Are Reading and Listening to This Week
• Prime Services
• US Shares Sales Trading
• Futures Sales Trading and Strategies
• Derivatives Sales Trading
• Thematic Baskets and Macro Observations
• Sector Specialists Highlights
• Disclaimers