UBS strategist Gerry Fowler: Nasdaq futures rebound may be misleading; quant funds may still need to cut positions
UBS strategist Gerry Fowler has stated that although Nasdaq futures have been recovering recently following Thursday's AI-driven sell-off, this may be misleading. He pointed out that the current rebound reflects tentative buying in a thin futures market and does not necessarily represent a genuine market recovery. In addition, US trend-following quantitative funds still hold relatively high equity positions and may face ongoing pressure to deleverage.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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