Mutual, pension and hedge fund managers have been investing large quantities of cash in the market in recent weeks, and while the pace of their buying has been slowing, it appears to indicate their faith in a continued rally, Reuters reports.

In the week ended July 21—when the Dow Jones Industrial Average gained 600 points to reach 8,915, many corporate earnings continued to beat estimates and previously owned home sales increased for the fifth month in a row—mutual funds and pension funds placed $1.9 billion in the market, according to Thomson Reuters. The following week, as the Dow continued to hover in that territory, they bailed out of $578 million of stocks, but hedge funds invested $19 million.

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