JPMorgan: Decline in Dollar and U.S. Stock Market Driven by Speculators, Not for Hedging Purposes

According to a report by Jinse Finance, JPMorgan stated that the recent pullback in the U.S. stock market and the dollar is very likely caused by speculative investors such as hedge funds taking short positions on both U.S. stocks and the dollar. Strategists, including Nikolaos Panigirtzoglou, wrote in a report that there is little evidence that actively managed equity fund managers outside the U.S. have increased their hedging against a weaker dollar.