Hedge funds still have big bets on the market, but they don’t appear to be as bullish as they previously were, according to an analysis from J.P. Morgan. The Wall Street giant found that gross ...

One of the simplest hedge-fund strategies is misfiring this year as once-reliable trends, like betting on Big Tech and the outperformance of the US economy, crater en masse.

The hedge funds' move illustrates how hedge funds are becoming more bearish about the stock market after back-to-back years of gains of over 20% in the S&P 500 (.SPX), opens new tab. The index is ...