Hedge funds bought $4.8 billion in US equities last week, the second-largest weekly purchase since 2008, rotating from tech into financials.

Global technology equity funds attracted $15.7 billion in weekly inflows, the third-largest on record per Bank of America, driven by AI

Hedge funds bought $4.8 billion in US equities last week, the second-largest weekly purchase since 2008, rotating from tech into financials.