Managers More Bullish On Oil & Gas Stocks

New York (HedgeCo.Net) With the market falling for five straight days from last Tuesday through this past Monday and then rallying for a couple of days, we saw several developments when we analyzed the composite models. By analyzing the composite models on a week by week basis, we get an overall feel for the changes being made by the fund managers on the HedgeCoVest platform.

What we saw over the past week was a shift to a more bullish posture on oil and gas stocks as well as a more bullish posture on computer hardware stocks. There was also a shift to a more bearish stance on electric utilities. On other item of note was the significant number of composite models where the top five holdings changed drastically. This is to be expected when there is an increase in volatility.

Rick Pendergraft
Analyst
HedgeCoVest

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