US EditionHedge Funds Are Dumping Bank Stocks and Piling Into One Sector, Says Goldman Sachs: Report
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The recent sharp stock market rally is prompting many professional investors to reconsider their positions - for example, yesterday, Bank of America experts drew attention to a phenomenon not seen in ten years, which they considered to be an important sell signal. The next alarm bell was not long in coming: today, Goldman Sachs analysts warned that it may be worth staying away from a certain type of stock after the big rally.
Hedge Funds Are Dumping Bank Stocks and Piling Into One Sector, Says Goldman Sachs: Report - The Daily Hodl
Wall Street titan Goldman Sachs says hedge funds are cutting back investments in bank stocks. Citing data from Goldman Sachs prime brokerage desk, Reuters reports hedge funds dumped bank stocks for the second straight week and bought consumer staple stocks at the fastest pace in nearly two years.
Hedge Funds Are Dumping Bank Stocks and Piling Into One Sector, Says Goldman Sachs: Report
Wall Street titan Goldman Sachs says hedge funds are cutting back investments in bank stocks. Citing data from Goldman Sachs prime brokerage desk, Reuters reports hedge funds dumped bank stocks for the second straight week and bought consumer staple stocks at the fastest pace in nearly two years.
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