Wall Street strategists have raised their targets for the S&P 500 index, but hedge funds have become increasingly cautious about the stock market due to factors such as the Federal Reserve's unwillingness to lower interest rates and weak economic data. According to a report from Goldman Sachs' main brokerage department, hedge funds have reduced their net long and short leverage ratio (measuring the overall market risk exposure), marking the biggest decline since March 2022. The Goldman Sachs team wrote that this move shows that hedge funds are taking a more cautious stance. These funds were net sellers of US stocks last week, mainly selling macro products such as index funds and ETFs. However, for the first time in six weeks, hedge funds became net buyers of a single stock, which may indicate that investment managers have become more selective.
华尔街策略师上调美股目标之际 对冲基金越来越保守以对
As Wall Street strategists raise their targets for US stocks, hedge funds are becoming increasingly cautious.
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