Late last year, Goldman's Prime Brokerage, the bank's most actionable client-facing division which keeps daily tabs on all the latest hedge fund activity and is happy to share the data with a select group of top clients, launched its weekly US Equities Weekly Rundown: a weekly must-read compilation that aims to consolidate the latest positioning and flows intelligence, market themes, and actionable ideas from thought leaders and risk takers across the GS franchise. It is an indispensable piece for every serious trader, and below we excerpt from the latest full report for the benefit of our premium and professional readers (full analysis available to our pro subscribers in the usual place).
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The S&P 500 fell -1.5% to start 2024 and ended a 9-week rising streak, as investors reacted to the back-up in rates and mixed economic data in the form of stronger than expected NFP print but weaker than expected ISM services report. Shippers, GLP-1 Exposed, and Rate Sensitive Financials outperformed on the week, while Non Profitable Tech, High Retail Sentiment, and Bitcoin Sensitive stocks were among the biggest losers.
