Events in December from the Fed's policy meeting to data on consumer prices and the labor market can upend any optimism.
Fast-money traders are finding little to get excited about in the current market.
Hedge funds tracked by Morgan Stanley raised bearish bets but refrained from cutting their long positions.
Macro products, such as index and exchange-traded funds, dominated hedge fund buying.
Morgan Stanley joins Goldman Sachs and other wirehouse firms in taking action against the omicron variant.
The selling accelerated as a rout of software and internet stocks gathered pace Monday.
Both companies suffered billions of dollars in outflows in their last quarters.
KPS has required all its New York staff to be in the office five days a week since early September.
Many of the same tech companies are on both the long and short lists of U.S. hedge funds.
Managers are growing confident after six months in which retail investors repeatedly stole their thunder.