According to Goldman Sachs' prime brokerage desk, hedge funds purchased U.S. stocks at the fastest pace in four months during the week of October 11, breaking an eight-week trend of continuous selling. This marked the most significant single-week buying demand for individual stocks since December 2021.
Meanwhile, macro products such as index funds and ETFs experienced net selling. Out of the eleven sectors of the S&P 500, seven recorded net buying, with healthcare, financials, industrials, and information technology seeing notable inflows.
Conversely, high dividend yield sectors like real estate, utilities, and consumer staples faced net selling.
