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At the end of the first quarter, JPMorgan had a $149 billion net bullish position in credit protection, a figure that subtracts the bank's bearish positions from its bullish ones.
The sell-off in both asset classes is probably the result of a radical rethink.A bullish position in developed-market equities, particularly in America, now looks like the consensus bet.
But the poll shows that investors have been adding to their cash piles and reducing their equity holdings over the last month, although this is only a reduction in a very bullish position.
One concern for a bullish position on XLNX would be long-term technical resistance in the 27.50 to 28 level.
Since the stock and put will move almost equally in opposite directions (a completely hedged position), the original bullish position is no longer intact.
GLD SPDR Gold: We bought back our long-standing bullish position on gold on a down day (on 9/14) with the threat of U.S. centric stagflation heightening.
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Was there a swing in public opinion that saw politicians retreat from the previously bullish positions on climate?
REUTERS Hedge Funds Increase Commodity Bets | Combined bullish positions on commodities rose by 13 percent in the week ended Jan . 24 to the highest level in two months, Bloomberg News reports.
DealBook » Hedge Funds Continue to Flee Commodities | Hedge funds reduced their bullish positions on commodities by 8.1 percent in the week ended May 29, capping a three-month-long retreat, according to data from the Commodity Futures Trading Commission, Bloomberg News reports.
From his desk in the middle of the trading floor on the sixth floor of Société Générale's Alicante building in the La Défense business district outside Paris, Mr. Kerviel, 31, took huge bullish positions on the Dow Jones Euro Stoxx 50 index and the German DAX in particular, according to a fellow trader still working there who insisted on anonymity.
Optimistic options traders delighted by the news established bullish positions.
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