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Will L/S hedge funds rethink their nets?

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The only way is up

The median year-end price target for the S&P 500 index in 2021 is 4,027.21, according to FactSet data, as of midday Thursday, representing a roughly 9% climb from the closing level of the broad-market index in the holiday-shortened week just past. The contrarian take on this is probably that they are all too bearish - as we have 5000 within reach before year-end 2021....