📊💰🏦 Hedge Funds Flood Back Into Bank Stocks as Q1 Earnings Spark Rally 🔹 Summary: Hedge funds resumed aggressive buying of financial stocks last week, making banks the second-most net purchased sector in 2024, Goldman Sachs reported. This renewed appetite follows record Q1 trading revenues from top U.S. banks and marks a two-year high in hedge fund exposure to financials. 🔹 Key Points: • Hedge funds broke an eight-week selloff streak, with long positions dominating recent financial sector trades. • JPMorgan and Morgan Stanley posted record trading revenues, while Wells Fargo saw higher client fee income. • Financial services firms enabling trading were the top hedge fund stock picks in the sector this year. • Hedge fund exposure to financials hit a two-year peak, supported by strong Q1 earnings sentiment. • Stock-picking hedge funds rose over 2% from April 18–24, while systematic traders gained 0.44%. @CMEActiveTrader Tickers Of Interest: $ES $NQ $ZN Tickers Of Interest: $JPM $MS $WFC $XLF $USD

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