(Reuters) – Stock market optimism about U.S. President Donald Trump’s economic agenda is overdone and political risk in Europe isn’t priced in, according to some hedge funds who are betting that the rally in equities is coming to an end. The level of shorts – a bet that a stock will fall – taken out against the Dow Jones Industrial Average (DJIA) (.DJI) jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe’s STOXX 600 (.STOXX) rose 18 percent over the same period, data from FIS’ Astec Analytics showed.
Some hedge funds call time on stock market rally
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