Institutional investors are buying more tech stocks: Hedge funds bought global information technology stocks at the fastest pace since February in the week ending September 11th. This was also the third-largest purchase in at least 5 years, according to Goldman Sachs. Buying was seen across all regions. As a result, the US technology sector was the best-performing last week, rising +3.1%. Hedge funds appear to be chasing the tech rally.(The Kobeissi Letter)