Greenwich Alternative Investments on Monday released its market sentiment indicators for US equities, the US Dollar and the US Treasury 10-year Note.

As was the case in March, the Managers remain solidly bearish on US equities, as 69% expect the S&P 500 to end April lower, vs. 23% higher and 8% unchanged. The majority of the Managers continue to hold a pessimistic view on the US Dollar, as 54% report a bearish position, vs. 23% bullish and 23% neutral. Lastly, the group is once again presenting a divided outlook on the US Treasury 10-year Note, as 31% are bullish, 31% bearish and 38% neutral.

The Greenwich Alternative Investments Macro Sentiment Indicators are based on the outlook of hedge fund managers employing a macro view and who manage, in aggregate, in excess of $30 billion in assets. The purpose of the indicators is to reveal how these managers believe the S&P 500, the U.S. Dollar and the US Treasury 10-year Note will perform over the current month.

It was a roller coaster ride for the capital markets in the first quarter of the year although the bellweather Dow Jones Industrial Average and NASDAQ indices finished almost where they had started. The Dow was up a fraction (0.69%) for March but down 0.87% for the quarter ... the Nasdaq followed a similar path, up 0.5% for March and up slightly at 0.2% for the quarter.