Goldman Sachs said hedge funds accelerated their purchases of US stocks last week

According to Goldman Sachs' prime brokerage business unit, hedge funds bought US stocks at the fastest pace in six months last week, with the S&P 500 index rising for nine consecutive weeks, the longest since 2023, and the Nasdaq 100 index rising over 20% this year. Goldman Sachs traders stated that the change in trading volume was driven by both long buying and short closing of index products and exchange traded funds, with short positions in US listed exchange traded funds decreasing by 0.6% for two consecutive weeks. The enthusiasm for investing in artificial intelligence infrastructure and exceeding expectations in performance have boosted the rise of the US stock market.