BlockBeats news, on August 6, The Kobeissi Letter reported that hedge funds net purchased $4.8 billion in U.S. stocks last week, marking the second-largest weekly buying volume since 2008. Calculated as a percentage of the total market capitalization of the S&P 500, this buying volume ranks as the 24th largest in history. During the same period, institutional investors net sold $3.8 billion, ending four consecutive weeks of net purchases, with their average net buying volume over the past four weeks declining to $3.9 billion.
Retail investors slightly net sold $200 million during the same period, with their average net buying over the past four weeks declining to $600 million. Hedge funds are once again significantly buying U.S. stocks.