Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.
Goldman Sachs has released its latest Hedge Fund Trend Monitor and Mutual Fundamentals report.
Recently, Goldman Sachs has released its latest Hedge Fund Trend Monitor and Mutual Fundamentals report, indicating that the performance of mutual funds has weakened this year, but hedge funds continue to perform robustly.
These reports cover 693 hedge funds with a total equity position of $2.8 trillion (of which $1.8 trillion is long positions and $1 billion is short positions), and 554 mutual funds with total equity assets of $3.7 trillion.
Strategist David Kostin wrote: "So far this year, 34% of large-cap mutual funds have outperformed the benchmark, down from 50% in May and below the historical average of 38%."
“Among various investment styles, large cap value funds have performed the best this year, with 45% of fund managers outperforming.” said Kostin, “Large cap core funds performed the worst, with only 25% of funds outperforming the SPDR.”$Ishares Russell 1000 Value Etf (IWD.US)$Kostin said, “Among various investment styles, large cap value funds have performed the best this year, with 45% of fund managers outperforming. Large cap core funds performed the worst, with only 25% of funds outperforming the SPDR.”$S&P 500 Index (.SPX.US)$""
"Goldman Sachs Prime Services estimates that with the help of popular long positions and concentrated short positions, the alpha returns have driven the return on investment of long/short U.S. stock fundamental hedge funds to 9% so far this year."
Specific to individual stocks, eight stocks appeared on Goldman Sachs' Hedge Fund VIP list (based on the stock being a top ten position in multiple funds), and mutual funds also increased their shareholdings.
These popular stocks shared by hedge funds and mutual funds include:
Among the unpopular stocks, four stocks appear on the list of heavily shorted hedge funds, and mutual funds are also reducing their holdings of these stocks.
These unpopular stocks include:
As for most of the tech giants in the US market's 'Big Seven', investors have different opinions.
Hedge funds favor stocks but mutual funds reduce their holdings, including:
Stocks that hedge funds are heavily shorting but mutual funds are increasing their shareholding include:
Editor / jayden