BlockBeats News, August 6th, The Kobeissi Letter stated that hedge funds net bought $4.8 billion in U.S. stocks last week, the second largest weekly buying volume since 2008. Calculated as a percentage of the total market value of the S&P 500, this buying volume ranks 24th in history. At the same time, institutional investors net sold $3.8 billion, ending four consecutive weeks of net buying, with their average net buying volume over the past 4 weeks falling to $3.9 billion.

Retail investors slightly net sold $0.2 billion during the same period, with their average net buying volume over the past 4 weeks falling to $0.6 billion. Hedge funds are actively buying U.S. stocks again.