Hedge Funds Buy Stocks For 8th Straight Week: Pile Into Financials, Dump Energy

Another week for the history books, only instead of two months ago when there was sheer panic and everything was in freefall, last week was the mirror image, with the S&P having its first record close on Friday since February (6,173). 

It is almost as if there is nothing to see here: the first half of 2025 is nearing a wrap and judging strictly by the closing metrics, it’s as if nothing was out of the ordinary. The S&P logged another record close, HY spreads and yields hovered near their respective three- and six-month lows, 39% of the loan market is bid 100+, and so on.