In today’s mid-day recap from Goldman Sachs, the investment bank highlighted some key trends in the stock market. According to their analysis, the floor is tilting towards buying discretionary stocks, while selling staples and utilities.

The analysts noted that LOs (Luxury Goods) are the best-performing sector, with a gain of 15% in net demand. Within this sector, Tech demand makes up around 80% of total LO net demand. Additionally, LOs are also better buyers of Consumer Discretionary, Energy, and Communication Services stocks.

On the other hand, HFs (Hedge Funds) are underperforming, with a net sell recommendation for Industrials, Energy, and Utilities. Within the HF space, they are better sellers of Tech and Communication Services stocks.

The analysts also highlighted that the buyer of Financials is shifting from HFs to LOs, which could be a sign of increased risk appetite among investors. This trend is particularly evident in the REITs space, where LOs are now the top buyers.

Overall, the report suggests that discretionary stocks may be the way to go for investors looking to take advantage of the current market conditions. However, it’s important to keep in mind that these trends can change quickly and investors should always do their own research before making any investment decisions.