GS Says Hedge Funds Bought At Fastest Pace In Two Years
What is this telling you and more importantly, what did they leave out? Look at a stock chart of December 2021 and the months immediately after. One week after that Dec. 2021 buying spree, stocks began a 30+% DECLINE over the next five months or so. Of course markets don’t always repeat, but that is because this time the drop over the next six months or so is likely to be even greater than 30%, as the economy will likely be officially in a recession. Remember, most of the larger, violent rallies occur in BEAR markets. I expect a tight one week trading range before the decline in stocks, particularly the Magnificent Seven, resumes next week. (This is not investment advice, just my opinion.) https://www.reuters.com/markets/us/hedge-funds-pile-into-us-stock-rally-fastest-pace-2-years-goldman-sachs-2023-11-06/