2024-01-23 21:08:00
Hoy 18:08
No matter where the markets go, Goldman Sachs Group Inc says that some operators are modeled to Sell shares during the next week.
Cullen Morgana specialist in equity flows and derivatives at the bank, hopes that commodity trading advisors, or CTAs, who take advantage of the momentum in asset prices through long and short bets in the futures market, might be forced to sell following accumulating US$129 billion in long positions.
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The trend-following group is modeled to sell $10 billion over the next week in a rising market and up to $42 billion if stocks fall. Within a month, CTAs are likely to buy $42 billion in a rising market, versus the $226 billion they would sell if markets started trending lower once more.
United States: stocks hit all-time highs
Global stocks have risen this year and the S&P 500 index has reached all-time highs driven by large cap tech stocks like Nvidia Corp. y Microsoft Corp.
Futures positioning Nasdaq 100 near three-year high and investors appear to favor growth stocks heading into earnings season, a Citigroup Inc. team led by Chris Montagu wrote in a note. Long positioning has widened considerably, increasing by $3.4 billion to approximately $25 billion last week.
Translated by Paulina Steffens.
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