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
Goldman Sachs data shows that hedge funds have sold a large amount of global tech stocks this week. The scale of this sale is second only to the sale in early August 2024 in the past 5 years. In this round of sales, US tech stocks accounted for 75% of net sales.
Analysis points out that even in the early stages of the 2022 bear market, these stocks did not see such a rapid exit. This sector led the decline this quarter, with the Nasdaq 100 index falling -13% in the past 6 weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elon Musk Advocates for Free Trade Zone Between EU and US
MMA Star Conor McGregor is Latest Celebrity to Launch Memecoin
Participants Shape Stability: A New Approach for Pi Network
In Brief Price fluctuations in Pi Network have raised concerns among participants. A new decentralized model aims to create stability and better liquidity. Community engagement and project planning are expected to improve significantly.
FTX Extends KYC Repayment Deadline to June 1 for 400K Users
The original deadline was March 3, but that has now been pushed to June 1 to give users another shot at verifying their identity and securing their claims.
Trending news
MoreCrypto prices
More
