Hedge Funds Dump Stocks Amid Bearish Wagers

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 72%

Finance News

Hedge Funds,Stocks,Bearish Wagers

Hedge funds are selling stocks at the fastest pace in three months as they increase bearish bets against equities amid a recent pullback. The selling trend is driven by short sales, marking the biggest selling week for hedge funds since mid-January.

Hedge funds are dumping stocks at the fastest pace in three months as what's often called " the smart money " stepped up bearish wagers against equities amid the recent pullback. The professionals sold global stocks on a net basis for a second straight week last week, driven almost entirely by short sales, according to Goldman Sachs' prime brokerage data. It marked the biggest selling week for hedge funds since mid-January, the data showed.

SPX YTD mountain S & P 500 "Valuations are so stretched right now that anything less than perfection from economic data or any geopolitical noise can create substantial and quick selloffs." said David Bahnsen, chief investment officer at Bahnsen Group. Consumer discretionary stocks were among the worst performing and the most sold U.S. sectors on a net basis last week, Goldman said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Now that Nvidia's launched powerful AI chips, Goldman expects these 3 stocks to get a boostInvestors can also buy the three stocks through concentrated exchange-traded funds or diversified funds.
Source: CNBC - 🏆 12. / 72 Read more »

Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
Source: Investingcom - 🏆 450. / 53 Read more »