Consumer Morning Trading Update

US equities opened higher as the market experienced a broadening trade. Hedge funds, however, continued to net sell US equities, specifically reducing exposure to the Consumer Discretionary sector.

Key Takeaways

• 1.US equities opened higher; broader consumer and bank sectors outperformed big tech.
• 2.Amazon Prime event spending reached $26.4B, marking a 9.3% YoY increase, though consumer health signals remain mixed.
• 3.Hedge funds net sold US equities for the second consecutive week, specifically selling Consumer Discretionary while buying Staples.

Table of Contents

• GS Consumer | Morning Trading Update (US)
• Pre-Market - Movers and Most Active
• Retail
• Prime/Positioning
• Street Actions
• GS Research
• Calendar Earnings
• Performance Daily Recap

Document Preview

Page 1 of 4

Subscribe for full accessStart Free Trial