BREAKING: Hedge funds were net buyers of US equities for 5-straight days last week at the fastest pace since November 2024. This is a sharp reversal from the previous 5 straight weeks of selling. As a result, US single stocks posted their biggest net purchase in over 3 years, according to Goldman Sachs. Furthermore, long buys outpaced short sales by almost 10 to 1. Hedge funds purchased 8 of 11 S&P 500 sectors with only financials and real estate being net sold. Information Technology sector experienced its largest net buy since December 2021 and the second-largest over the last 5 years. Hedge funds are on a buying spree.