Hedge funds pile into US stock rally at fastest pace in 2 years - Goldman Sachs

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A screen displays the trading information for Goldman Sachs on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022..

LONDON, Nov 6 (Reuters) - Hedge funds last week "aggressively" bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note (GS.N), with traders jumping into a stock rally fuelled by hopes that the U.S. central bank rate pause might stick...

Global funds bought up U.S. equities in the week up to Nov. 3, in the largest five-day buying spree since December 2021, according to Goldman's prime brokerage trading desk in a note dated on Friday...

Hedge fund long positions in information technology stocks reached the largest in eight months, said Goldman Sachs...

The largest hedge fund buying centered on North America, while Europe and Asia apart from Japan which were subject to the net short positions, said Goldman Sachs...

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