Hedge funds aren’t betting on a recession, Goldman data show
“Hedge fund investors don’t buy the idea that the U.S. economy is headed for a recession in the near term, according to data from Goldman Sachs. The bank studied the holdings of 835 hedge funds with $2.1 trillion of gross equity positions at the start of July, and found that overall these funds are overweight cyclical sectors . . .”
USAGOLD note: An interesting take on invesment flows from Goldman Sachs and an indicator contrary to prevailing opinion. . . .Goldman also says hedge funds are underweight “defensive” stocks.
Repost from 8-22-2019