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Hedge funds are buying tech stocks at a rapid pace - Goldman

AuthorSenad Karaahmetovic
Published 01/22/2024, 08:48 AM
Updated 01/22/2024, 08:50 AM
© Reuters. Hedge funds are buying tech stocks at a rapid pace - Goldman

Global hedge funds are having a notable shift in sentiment towards U.S. technology stocks, actively accumulating positions in the sector at the swiftest pace in two months, according to Goldman Sachs.

The renewed optimism surrounding artificial intelligence (AI) and a positive outlook for major global tech entities prompted hedge funds to increase buying of tech stocks. According to analysts at Goldman Sachs, the week ending January 18 was their most active trading week in the last five months.

Contrastingly, hedge funds maintained net short positions in stock sectors such as health care, utilities, and energy.

Ultimately, hedge funds concluded the week with long positions in tech firms, financial companies, and industrial companies. The selling trend in Chinese stocks persisted for the third consecutive week.

Latest comments

Seems more like the market is on a roll at this point. However, stay cautious amid the optimism. The economy is still shaky, and the uncertainties about this year still persists. Personally still committed to diversification through an algorithmic system, and I've gained over $180k (25%) in the last six months with this approach. It's yet about a strategic approach rather than attempting to predict market moves.
What's the algorithmic system all about about?
Hedged against what?
The goal, often not achieved, is to hedge against a negative return, unlike a long-only or short-only fund.
 So, maybe they're covering.
Remember this article the next time the Chicken Little bears whine about the big money selling and leaving you holding the bag.
bull trap, hé will go down and you will that buy ?
nice infirmation
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