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Reuters

Reuters

Hedge funds bet against power and pile into materials, says Goldman Sachs

Reuters
Summary
Nutrition label

79% Informative

Hedge funds sold U.S. electric and water utilities stocks at the fastest pace in two months .

Materials was the most net-buying sector on Goldman Sachs' trading desk last week .

The Dow Jones Utility Index which tracks utilities rose 3% last week and has risen more than 20% so far in 2024 .

VR Score

92

Informative language

99

Neutral language

55

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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