Goldman Sachs: CTAs Sold $32B, Hedge Funds Boost Tech Stock Purchases, Tech Inflows Surge, GS Lin Reports

Goldman Sachs reports that CTAs were sellers of global equities worth approximately $32 billion over the last week, but now they are expected to be buyers. Hedge funds have significantly increased their purchases of tech stocks, with the largest buying volume since 2022. Tech and Industrials sectors have seen notable inflows recently, according to Deutsche Bank and GS Lin. Momentum traders are anticipated to buy stocks regardless of market conditions, as per Goldman Sachs.