Hedge funds last week 'aggressively' bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock rally...
FILE PHOTO: A screen displays the trading information for Goldman Sachs on the floor of the NYSE in New YorkLONDON - Hedge funds last week "aggressively" bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock rally fuelled by hopes that the U.S. central bank rate pause might stick.
Many got tangled up trying to flee crowded trades which became losing positions, Goldman Sachs said in that note. October had seen fund managers dump $3 billion of China equities sharply, according to a Morgan Stanley report citing data from fund flow tracker EPFR.The TFSA is the ideal place to compound stock investments for years. Here are seven stocks for strong long-term TFSA returns. The post TFSA Wealth: 7 Stocks to Own for the Next 20 Years appeared first on The Motley Fool Canada.
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