BOSTON, Aug 30 (Reuters) - Almost half of all hedge fund managers are bearish about the U.S. stock market, up from 33 percent a month earlier, according to a new report released on Monday.
Forty-seven percent of 104 hedge fund managers polled by TrimTabs and BarclayHedge in the last week said they were bearish on the Standard & Poor’s 500 index, the research groups said.
Only about 17 percent respondents said they were bullish on the S&P 500, down from 34 percent a month ago, they noted.
“The developments hedge fund managers are telegraphing bode ill for equities,” BarclayHedge Chief Executive Sol Waksman said in a statement.
U.S. stocks are squarely in the red for the year after a recent drop on worries that the U.S. economy is not growing as quickly as many investors had hoped only a few weeks ago. (Reporting by Svea Herbst-Bayliss; Editing by Richard Chang)