Bridgewater doubled its short positions in Europe to $10.5 billion
Bridgewater Associates doubled its short positions against European companies in the past week to $10.5 billion, the company's most bearish position against stocks in that region in two years.
The world's largest hedge fund disclosed short positions against 28 companies, including positions worth more than $500 million against ASML Holding NV, TotalEnergies SE, Sanofi and SAP SE. Total short positions increased from $5.7 billion against 18 companies last week.
S&P Global's Eurozone Economic Activity Indicator fell to a 16-month low in June, driven by higher inflation, volatile energy markets and rising lending rates.
Current rates are the highest since it created a $14 billion position against European companies in 2020, and before that a $22 billion position in 2018, Bloomberg.
via.TITVN
