Goldman Sachs said hedge funds bought a record number of global stocks in May. This comes after four consecutive months of net selling in the U.S. stock market, with selling near record levels in March. Last week, these funds saw their biggest increase in trading activity in two months as long buying exceeded short selling.
In addition, JPMorgan Chase data showed that the four-week average net funds flowing into the U.S. stock market by hedge funds reached the highest level since October 2024. This is a huge reversal from April's largest net sell-off since the outbreak of the epidemic in 2020.
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