Hedge funds still have big bets on the market, even if they’re less bullish, J.P. Morgan says - MarketWatch
1. Hedge funds' gross leverage is at all-time highs despite decreased net leverage. 2. Funds are showing defensive strategies amid market volatility without panic. 3. S&P 500 has dropped 5% from its mid-February peak despite a recent rise. 4. Hedge-fund flows are into defensive sectors like communication and healthcare. 5. Current positioning is 1.5 deviations below average, a positive signal for stocks.