Hedge funds pile into equities after missing this year’s rally | Financial Times | What $500 Buys You at the Most Popular Hamptons Restaurants | Hollywood calls time on golden era of cheap streaming | Financial Times

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Don't like ads? Go ad-free with TradeBriefs Premium Hedge funds pile into equities after missing this year's rally - FT    Trend-following hedge funds have piled into global equities as market volatility has fallen and stocks climb on investors' hopes that interest rate rises are close to their peak. Commodity trading advisers — hedge funds that rely on pattern-detecting algorithms and statistical models to direct trading across markets — have in recent weeks increased their exposure to equities to the highest level since before the pandemic, according to Deutsche Bank. CTAs managing hundreds of billions of dollars in assets now have net long futures positions on Wall Street's S&P 500, Europe's Euro Stoxx 50, London's FTSE 100 and Japan's Nikkei 225, among other indices, Deutsche said. Continued here You Might Like � � � � � � � � � What $500 Buys You at the Most Popular Hamptons Restaurants - Bloomberg    From $70 lobster salad to $150 steak, the cost of food and drinks at dining rooms, markets and bars on the East End. There aren't a lot of deals to be found in the Hamptons, home to million dollar-plus monthly rentals and $1,000 Blade helicopter rides. Along with that is the price of local lobster salad. Last month, TikTok star Jacks Dining Room visited the Montauk outlet of longstanding East Hampton grocer Round Swamp Farm—what some might think of as the Hermès of farm stands. He then showed off the components of a $200 lunch: a $32 container of guacamole with chips, a $42 shrimp salad, and a very few other items. He thought the shrimp was good, but: "I wanted it to make me fly or something…. That's highway robbery for sure." Continued here Hollywood calls time on golden era of cheap streaming FT    The era of cheap streaming is ending, as Hollywood's largest studios turn the screws on customers with price rises that rival the expensive cable television "bundle" consumers began ditching for Netflix 15 years ago. A basket of the top US streaming services will cost $87 this autumn, compared with $73 a year ago, as Disney, Paramount, Warner Bros Discovery and others have raised their prices in response to pressure from Wall Street to end the profligacy of the streaming boom. The average cable TV package costs $83 a month. Americans had in recent years enjoyed the benefits of an extravagant era in Hollywood, during which media companies inundated audiences with more programming than ever at a fraction of the cost of traditional television. Continued here

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