Concerns about rising oil prices and an end to the stock market rally once quantitative easing ends has caused 40% of hedge fund managers to be bearish on U.S. equities, up from 26% in January, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers. And only 26% are bullish, down from 37%.

Furthermore, 37% are bearish on the 10-year Treasury note, and only 15% are bullish.

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