A pivotal week needs follow-through to confirm the bull case

Closelook@US Stock Markets

Last week may have been a pivotal week for most of the financial markets. Here are some highlights:

• Hedge Funds reduced long oil positions by the largest amount in over two years. WTI net long dropped the most since July 2021. Bearish sentiment grows amid a macro backdrop pointing to lower growth.

• Stock Short Sellers suffered their most significant weekly…