💨 Abstract

Hedge funds increased investment in U.S. tech and media stocks last week, driven by the anticipated 50-basis point rate cut by the Federal Reserve. This move was spurred by expectations that falling rates would boost industrial spending and consumer tech purchases. Hedge funds increased long positions in tech and media, particularly in semi-conductors, interactive media, and entertainment, while consumer products saw the most selling. Gross leverage reached one of the highest levels this year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖