Analysis: Hedge funds net bought 4.8 billion dollars of U.S. stocks last week, marking the second largest weekly purchase scale since 2008

The Kobeissi Letter stated that hedge funds net bought $4.8 billion in U.S. stocks last week, marking the second-largest single-week buying scale since 2008. Based on the total market capitalization of the S&P 500, this buying scale ranks 24th in history.

During the same period, institutional investors net sold $3.8 billion, ending four consecutive weeks of net buying, with their average net buying scale over the past four weeks dropping to $3.9 billion.

Retail investors slightly net sold $200 million during the same period, with their average net buying scale over the past four weeks decreasing to $600 million. Hedge funds are significantly buying U.S. stocks again.