ZH: Goldman: Mutual funds flood into MegaTech stocks as they start cutting cash allocations

ZERO HEDGE writes:

Even before the NVDA blowout earnings report, Goldman flow trader John Flood wrote yesterday that on the bank’s trading desk he had seen consistent Mutual Fund buyers in supercap tech over the last 3 weeks, ever since AAPL made it 5 for 5 in regards to MAGMA earnings beats (all that was before Nvidia added $200 billion in market cap in a stunning, record move). This was a key component of our note from this weekend, in which we ...