This is incredible: Hedge funds bought a record amount of global equities in May, according to Goldman Sachs. This comes after 4 consecutive months of net selling, which included nearly a record dumping in March. Last week, these funds' trading activity saw the largest increase in 2 months, driven by long buys outpacing short sales. Additionally, 4-week average hedge fund net inflows into US equities hit their highest level since October 2024, according to JPMorgan. This is a massive reversal from the largest net selling since the 2020 pandemic, seen in April. Hedge funds are starting to chase the rally.