机构经纪机构的报告称，对冲基金押注信息科技股上涨的多头头寸几乎是押注信息科技股下跌的多头头寸的三倍。Stimulated by the expected 50 basis points rate cut by the Federal Reserve, hedge funds bought US technology and media stocks at the fastest pace in four months last week.
According to the financial news app, Goldman Sachs' institutional broker customer report revealed on Monday that hedge funds bought US technology and media stocks at the fastest pace in four months, spurred by the anticipated 50-basis points rate cut by the Federal Reserve. The expected rate cut is predicted to boost industrial spending, making it easier for companies to borrow at lower costs and for consumers to purchase technology products, all of which may benefit the stock prices of this industry.
Last week, the first interest rate cut by the Federal Reserve in four years boosted US stocks as concerns about an economic downturn eased. Investors absorbed the impact of loose monetary policy, with the S&P 500 index rising by 1.15% last Friday.
A report from institutional brokers states that hedge funds' long positions betting on the rise of information technology stocks are nearly three times the long positions betting on the fall of information technology stocks.
Goldman Sachs' report indicates that buying interest in semiconductor and related equipment companies exceeded selling interest in technology hardware companies like computers, monitors, and hard disk drive manufacturers. The report mentions that hedge funds have also increased short positions, adding long bets on interactive media and entertainment companies. Short positions anticipate a decrease in asset value.
The report states that the technology and media sectors currently account for nearly one-third of the overall investment portfolio net exposure in the USA. In contrast, consumer products have the highest sales volume in Goldman Sachs' institutional broker business. The report shows that stocks in non-essential consumer sectors like hotels and dining had more selling pressure than buying pressure, marking the largest net sell-off in a year for this industry in the past four weeks.
Furthermore, the report mentions that the total leverage ratio (i.e., the total amount of hedge fund borrowing and investment) has reached around 278%, the highest level so far this year.