Record Nasdaq futures buying by asset managers

Institutional investors are pouring money into tech stock futures at a record pace. Asset managers purchased $9.7 billion in Nasdaq futures in the week ending April 14, marking the largest weekly purchase in at least ten years. The surge was driven primarily by the creation of $5.9 billion in new long positions, indicating strong bullish sentiment for the tech sector. This aggressive buying comes amid a broader stock market rally that has seen major indices like the S&P 500 reach new all-time highs.