One month 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 (the full note is available to pro subscribers).
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US stocks traded definitively higher on Friday and halted a 4-week losing streak for the S&P 500, as investors digested a much stronger than expected payrolls print but stable jobless rate and slowing wage growth, not to mention a continued surge in part-time jobs. Mega Cap Tech, AI, and Obesity Drugs outperformed this week, while Renewables, Most Short, and Non Profitable Tech were among the worst performers.
