YWR: Killer Charts
This week we discover 3 Money Making ideas thanks to the Goldman hedge fund positioning report.
First, a quick update on the S&P 500. Earnings have stabilised and turned up slightly.
This could be inflation starting to come through as positive nominal earnings growth.
Interesting to see how much market returns have been driven by 5 Mega-cap tech stocks
Apple, Amazon, Google, Meta and Microsoft are +39% YTD!
The rest of the stock market is up only +4% ytd.
First, we need to make sure the HF’s are still contrarian indicators.
HF’s are +0% for the year, versus 10% for the S&P.
Equity hedge funds ar a bit better at +3%. Macro is -2%.
So Check. HF positioning still works as a contrarian indicator.
