According to a Goldman Sachs note, Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week
Energy markets have kicked off the new week on the backfoot after U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a cease-fire proposal to stop the war in Gaza.
taking a tumble. However, Art Hogan, chief market strategist at B Riley Wealth, has sounded a cautionary note, 'The things that get said and proposed on the campaign trail are often difficult to put into place once you get to 1600 Pennsylvania Avenue,' he said.
Energy Stocks Oil Geopolitics China Oil Demand Hedge Funds
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