[Goldman Sachs: Hedge Funds Bought US Stocks at Fastest Pace in Six Months Last Week] According to Goldman Sachs' prime brokerage business, hedge funds bought US stocks at the fastest pace in six months last week, while the S&P 500 continued its record-breaking rally. Goldman Sachs traders stated in a client report that the change in trading volume was driven by a combination of long buying and short covering in index products and exchange-traded funds (ETFs). Short positions in US-listed ETFs decreased for the second consecutive week, falling 0.6%. Continued strong investment in artificial intelligence infrastructure, coupled with better-than-expected earnings, has fueled the continued rise in US stocks. The S&P 500 has risen for nine consecutive weeks, its longest winning streak since 2023. The tech-heavy Nasdaq 100 has gained over 20% this year.
