Goldman Sachs: Hedge funds sold a large number of global technology stocks this week, the scale is the second largest in the past five years

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MarsBit
3 days ago
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According to Mars Finance, on March 30, Goldman Sachs data revealed that hedge funds sold a large number of global tech stocks this week. The scale of the sell-off is second only to the sell-off in early August 2024 in the past 5 years. In this round of sell-off, US tech stocks accounted for 75% of the net sales. Analysts pointed out that even in the early stages of the 2022 bear market, these stocks did not experience such a rapid exit. The sector led the decline this quarter, with the Nasdaq 100 index falling -13% in the past 6 weeks. (The Kobeissi Letter)

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