Chasing Stocks Back in Vogue From Big Managers to Options Geeks
- Surveys show fund positioning is rising from depressed levels
- Cboe put-call ratio’s 10-day average falls to four-month low
A Bed Bath & Beyond store in Clarksville, Indiana.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
What began as a tentative testing of the equity-market waters is giving evidence of morphing into something bigger.
While a long way from the fervid pitch of the post-pandemic years, there are signs speculative zest is spreading beyond just meme traders, who have pushed AMC Entertainment up 78% in two weeks and caused Bed Bath & Beyond to quintuple. Comparatively stodgy active fund managers just jacked up stock buying at one of the fastest rates in years, and measures of bullish options exposure are surging.