Tech's 'last hurrah'? If hedge funds are any indication, it could be a big week for Apple, Amazon and other megacap favorites
Tech’s ‘last hurrah’? If hedge funds are any indication, it could be a big week for Apple, Amazon and other megacap favorites MarketWatch 1/24/2021 KEY WORDS That’s Gene Goldman, chief investment officer at Cetera Financial Group, talking to Bloomberg News about a surge in tech buying by hedge funds ahead of high-profile earnings from the likes of Apple and Amazon in the coming days. According to Goldman Sachs Group’s prime brokerage, hedge funds increased their net exposure to megacaps in the technology sector at one of the fastest paces in recent years. This coming off a ...