
Recent market analysis indicates a significant shift in investment patterns, with hedge funds returning to North America for the first time in nine weeks, marking the largest net buying since June, according to Goldman Sachs. In parallel, global money market funds experienced inflows of $24.55 billion last week, following $22.78 billion in net purchases the previous week. U.S. equities also saw their largest net buying in four months after enduring eight weeks of outflows. Notably, single stocks recorded the highest net buying since December 2021, driven by long buys and short covers. Additionally, Commodity Trading Advisors (CTAs) are currently positioned long on $117 billion of global equities, reflecting a strong market sentiment despite a recent sale of $397 million in equities globally.
$GS CTA positioning stretched again in equities https://t.co/PcFDLrWoYV
"We have CTAs modeled long +$117bn of global equities (81st %tile) after selling -$397m of equities last week globally." - GS Morgan https://t.co/HJ770erpCK
SPX has been grinding higher, according to GS, last week single stocks saw the largest net buying since Dec ‘21 (+1.8 SDs), driven by long buys as well as short covers https://t.co/Ut9JPSo3ps



