Goldman: Hedge funds pile into US stock rally at fastest pace in 2 years
@Capital_Insights:
A recent Goldman Sachs report states that hedge funds entered the US equity market last week at the fastest pace in two years, as market participants generally believed that the Fed’s current rate hike cycle was over and hedge funds invested money in US equities that were in a correction phase, causing US equities to rally sharply in early November.FILE PHOTO: A screen displays the trading information for Goldman Sachs on the floor of the NYSE in New YorkGoldman Sachs' Prime Brokerage trading division stated in a recent report that hedge funds around the world aggressively bought shares of the U.S. stock market in the week ending Nov. 3, marking the largest buying in five days since December 2021.Goldman Sachs said in a report that this has put some cautious hedge fund traders in a dilemma