Goldman Sachs: Last Week Hedge Funds Bought U.S. Stocks at the Fastest Pace in Six Months

According to Goldman Sachs' prime brokerage division, hedge funds purchased U.S. stocks last week at the fastest pace in six months, while the S&P 500 index continued its record-breaking rally. Goldman Sachs traders stated in a client report that the change in volume was driven by a combination of long buying and short covering in index products and exchange-traded fund products. Short positions in U.S.-listed ETFs decreased for a second consecutive week, falling by 0.6%. Sustained enthusiasm for investment in artificial intelligence infrastructure, coupled with better-than-expected earnings performance, jointly fueled the ongoing rally in U.S. stocks. The S&P 500 has risen for nine consecutive weeks, its longest winning streak since 2023. Meanwhile, the tech-heavy Nasdaq 100 index has gained over 20% this year. (Jinshi)