@KobeissiLetter•37 minut temu
BREAKING: Hedge funds purchased US equities in every trading session last week.
In total, this marked their 2nd-largest weekly purchase over the last 12 months.
Single stocks accounted for ~70% of the total, driven primarily by long equity purchases and, to a lesser extent, short covering.
Information technology and communication services saw the strongest demand, with 8 of 11 sectors recording purchases.
Meanwhile, macro products, such as index futures and ETFs, accounted for ~30% of total demand, with short positions in US-listed ETFs reduced for the 6th consecutive week.
Hedge funds are doubling down on US equities.
