Hedge funds shift to bullish stock bets before Iran talks
Goldman Sachs notes show hedge funds turned bullish last week ahead of US-Iran talks. They bought global stocks while selling tech shares at a five-year record.
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Hedge funds aggressively pivoted toward bullish stock positions last week, anticipating a potential ceasefire in the ongoing tensions between the United States and Iran. According to client notes from Goldman Sachs, this shift resulted in the first net long positioning for hedge funds in eight weeks, as market participants abandoned short bets in favor of long wagers.
