Investing Update: Hedge Fund Buys & Holdings
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The S&P 500 notched its 8th consecutive positive week, adding 0.9% to close at 7,473 and extending its year-to-date gain to 9.2%. The winning streak is a remarkable run of resilience for large-cap equities.
The Dow was the week’s standout, surging 2.1% to close above 50,580 for the first time. Small caps were right behind it, with the Russell 2000 jumping 2.7% to 2,869 and now leading major indexes on a year-to-date basis at +14.7%. The Nasdaq added a modest 0.5%, closing at 26,344 with a strong +13.4% gain on the year.
On the fixed income side, the 10-year Treasury yield dipped to 4.56%, falling 0.8% on the week as bond prices caught a bid.
It was a rougher week for commodities. Oil slid 4.9% to $103.94, though it remains one of the year’s top performers at +67.9% YTD. Gold gave back 1.0% to close at $4,511. Bitcoin dropped 2.0% to 75,386 and remains the week’s notable laggard among the tracked assets, sitting at -13.9% for the year.
Market Recap
Weekly Heat Map Of Stocks
The View From Here
Eight straight positive weeks for the S&P 500. Let’s put it in context. Looking back 50 years, there have been eight prior instances where the S&P 500 strung together an 8-week win streak outside of a bear market. The historical paths that followed were almost uniformly positive over the next 100 trading days. History isn’t a guarantee, but it’s a reasonable tailwind.
