HSBC explains why this rally has further legs

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Hedge funds emerged as dip buyers through 1Q earnings: Barclays

May 21, 2024 1:00 PM EDT

Analysts at Barclays said in a research note that hedge funds emerged as dip buyers throughout the first quarter earnings season, while systematic funds rebuilt equity longs post-April sell-off with room to add further.

Elsewhere, the bank revealed that long-only equity exposure is no longer historically extended, retail investor... More

Goldman Sachs: Record risk appetite might create 'speed limit' for returns

May 21, 2024 9:53 AM EDT

Goldman Sachs analysts warn that surging investor confidence, reflected in their record "Risk Appetite Indicator" (RAI), could limit future returns for the stock market.

The RAI, which recently hit its highest level since 2021, suggests widespread optimism about economic growth and expectations of further policy support. However, Goldman Sachs points out that this momentum has stalled recently, with their "Risk Appetite Momentum" indicator showing a flat trend.

They explain that while credit markets remain... More