Two months ago, Goldman's Prime Brokerage, arguably the bank's most actionable client-facing division which keeps daily tabs on all the latest hedge fund activity, introduced the inaugural edition of the 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 rose for 5 straight sessions and posted the best weekly gains since Nov ’22 (+5.9%), as market participants reacted to a friendlier mix of growth data and policy that brough down bond yields, as well as a generally constructive third week of earnings. Non Profitable Tech, Most Short, and Regional Banks were among the biggest gainers on the week, while Expensive Software, Obesity Drugs, and Commodity Sensitive stocks underperformed.
