🇺🇸 THE WORLD'S BIGGEST PROFESSIONAL INVESTORS JUST DITCHED TECH STOCKS FASTER THAN AT ANY TIME IN AT LEAST A DECADE.
Hedge funds, the big-money players who move markets, cut their tech holdings at a record pace in the week through October 15, Goldman Sachs data going back to 2016 shows.
Chipmakers took the biggest hit.
That should get everyone’s attention, because tech makes up roughly 39% of the S&P 500.
If you own an index fund or have a retirement account, you’re heavily invested in tech whether you realize it or not.
But even after all that selling, hedge funds still hold more tech than they have 90% of the time over the past 5 years.
Record selling, and they’re still sitting on a mountain of tech. Imagine what happens if they actually get scared.
Sources: Bloomberg, CME / Writer: Julie
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IRANOMIC @IRANomic ·
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@MarioNawfal Buy-side liquidity is thin, and that is exactly what amplifies volatility.







































































