Day 1 of the fourth quarter has brought a positive shift in the stock market, with indices trading towards highs of the day. The leading sectors, including Most Short (GSCBSMAL) and Non-Profit TMT (GSX1NPTC), have seen significant gains, while Mega Cap (GSTMTMEG) and Growth vs Value (GSPUGRVA) have lagged behind.

Interestingly, October is the largest active mutual fund fiscal year-end month, with 20% of total assets under management. However, Mutual Fund Tax Loss (GSCBMF25) has been one of the worst performers over the past month.

Our desk’s activity levels are currently at a moderate 5 out of 10, with HC (High Conviction) being the biggest buy skew at 18%. LOs (Long Only) have a 20% buy skew concentrated in HC and Consumer sectors. Hedge funds, on the other hand, are slightly more optimistic about TMT and Finance sectors.

While the stock market is currently trending towards green, it’s essential to keep a close eye on mutual fund performance and sector-specific trends. As always, it’s crucial to stay informed and make data-driven investment decisions.