It is said that hedge funds flee at the fastest rate in twelve months, so that a new commercial idea is played.
In a note for customers who have been seen through ReutersGoldman Sachs says that hedge funds have taken a profit in their technical positions, just as the S&P 500 index of all time reached.
The bank says that technical shares were sold by hedge funds in the US and Europe more than any other sector last week, and since July 2024 the biggest exodus was out of the field.
Goldman also notes that each type of technical shares has been sold, including semiconductor chip companies, software companies and IT service providers.
While Tech shares have been sold, the bank says that hedge funds started moving their capital to staples from the consumer, or goods that consumers regularly buy, regardless of the economic climate. Goldman says that the big winners include companies that sell food and drinks, and products for personal care.
Florian Ielpo, head of Macro at Lombard Odier Investment Managers, says Reuters that yields on long bonds can determine the next step of US shares, but they have not yet flashed clear signals.
“The ratings of US shares (such as price interests) are now 30% higher than their average of the past decade, while the returns of 10 years remain stubborn high and volatile. The future path of shares can partially depend on a decrease in the long -term rates; we don’t seem to be there yet.”
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