This an opinion piece from a Reuters analyst and is worth checking out
He notes the building of long positions by hedge funds and says:
- During the four months from late April to late August, position changes were led by the liquidation of old long positions rather than the creation of fresh shorts.
- The last two weeks has seen that reversed, however, with the creation of new long positions leading the market higher.
Huh.
Link is here for more, some of the longs have added in size indeed
