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CTAS: A TURNAROUND IN SIGHT?
With a rollercoaster April drawing to a close, investors are hopeful for quieter markets next month.
On a positive note, UBS has some encouraging news.
The Swiss bank says that after weeks of selling, CTA (Commodity trading advisors) funds, which use computer programs to follow price trends, may finally turn bullish.
UBS expects $20-25 billion of potential CTA inflows into stocks over the next two weeks, following $40-50 billion of global stock sales since early April.
"If S&P prices remain above 5300, CTAs will be buying".
(Danilo Masoni)
WEDNESDAY'S OTHER LIVE MARKETS POSTS:
WHAT TO OWN IN A FRAGMENTED WORLD CLICK HERE
EUROPEAN EARNINGS BEAT THE BLUES CLICK HERE
STOXX INCHES HIGHER ON HEAVY EARNINGS DAY CLICK HERE
EUROPE BEFORE THE BELL: FUTURES STRUGGLING FOR DIRECTION CLICK HERE
DATA DELUGE ROUNDS OFF TURBULENT APRIL CLICK HERE