Mars Finance News, on April 5th, according to The Kobeissi Letter's analysis, hedge funds are massively fleeing, with hedge funds selling $40 billion worth of stocks on Thursday, creating the largest single-day sell-off since 2010. On Thursday, short trading volume was 3 times the long volume, with North American stocks accounting for 75% of total trading volume. Previously, during the 2008 Lehman crisis, the market sold off $28 billion in a single day, which is approximately $42 billion when adjusted for inflation, and during the COVID-19 impact in 2020, net sales reached $52 billion in a single week.
Hedge funds record biggest one-day sell-off since 2010, approaching 2008 Lehman crisis
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