Goldman Sachs: Hedge funds rapidly sold industrial stocks last week and bought energy stocks for the fourth consecutive week

Zhitong
2024.08.19 11:05
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Goldman Sachs report shows that hedge funds accelerated selling industrial stocks last week, while buying energy stocks for the fourth consecutive week, especially in oil, natural gas, and related equipment. Although there was some buying interest in air transport and defense stocks, the main focus was on providing professional services, ground transportation, and passenger aviation. Investors are betting on the Fed rate cut and Trump's return to the White House being favorable for the energy sector, driving these funds to shift towards the energy sector