Stocks drooped last week and continued to fall this week, based on major indices. Hedge funds bought the dip last week while corporates also took advantage of their lower stock prices. Inflows to Financials, Energy and Communication Services remained especially strong last week, as did inflows to Tech exchange-traded funds. Meanwhile, pension funds bought Financials stocks and sold ETFs last week.
Q1 hedge fund letters, conference, scoops etc
Hedge funds bought the dip
In their weekly "Equity Client Flow Trends" report, Bank of America Merrill Lynch strategist Jill Carey Hall and team noted the S&P 500 was down 1.2% and added that their firm's clients kept buying U.S. stocks...
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