Lia Holmgren: Hedge funds faced worst daily drawdown since pandemic as pivotal week begins

Lia Holmgren: Hedge funds faced worst daily drawdown since pandemic as pivotal week begins
Hedge funds see worst drawdown since Covid

Hedge funds experienced their worst daily drawdown since the onset of the Covid pandemic last Thursday.

Lia Holmgren stated that this marks the start of what she describes as the most pivotal week of the fourth quarter, with the upcoming U.S. Federal Open Market Committee decision on Wednesday and the release of third quarter GDP data on Thursday.

Holmgren has previously highlighted the S&P 500's historical tendency to post gains between November and June, averaging 14 percent since 1942, according to recent research. In another note, she pointed to high confidence in Amazon shares while also citing concerns over a potential large sale by Jeffrey, as detailed here. These observations follow a period of heightened focus on key market drivers.

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