[Analysis: Hedge funds are making a major comeback in buying U.S. stocks, with a net purchase of $4.8 billion last week] BlockBeats news, August 6, The Kobeissi Letter reported that hedge funds made a net purchase of $4.8 billion in U.S. stocks last week, marking the second-largest weekly purchase since 2008. Based on the total market capitalization of the S&P 500, this purchase ranks as the 24th largest in history. During the same period, institutional investors made a net sale of $3.8 billion, ending a streak of four consecutive weeks of net buying, with their average net purchase over the past four weeks dropping to $3.9 billion. Retail investors made a slight net sale of $200 million during the same period, with their average net purchase over the past four weeks decreasing to $600 million. Hedge funds are making a major comeback in buying U.S. stocks. [Original link]