Reported about 2 months ago
Hedge funds have rapidly sold off industrial stocks at the highest levels in five years while continuing to buy energy stocks for the fourth consecutive week, according to a Goldman Sachs report. This shift indicates a strategic bet on an expected economic recovery linked to potential U.S. interest rate cuts. Hedge funds are now heavily invested in oil, gas, and energy supplies, reflecting optimism for these sectors amid broader market changes.
Source: YAHOO