Do Equities Have More Room to Run?

The video discusses the current state of hedge fund exposure to the S&P 500, highlighting that it is significantly lower than average due to a defensive positioning. Hedge funds have maintained a focus on momentum strategies, which have underperformed recently. The video suggests that if hedge funds shift towards value stocks, it could drive the market higher.

What is the current exposure of hedge funds to the S&P 500 compared to the average since 2002?

Why have hedge funds been positioned more defensively in the current market?

What does the term 'momentum' refer to in the context of hedge fund strategies?

What has been the performance trend of momentum stocks over the past few months?

What potential outcome is suggested if hedge funds start to rotate into value stocks?