GOLDMAN SACHS: Hedge funds have plunged into a 'vicious downward cycle' with the most popular stocks, and it's a sign the meltdown is just getting started

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Goldman's analysis of funds' third-quarter activity showed a continued rotation towards more defensive sectors of the stock market.

 

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It starts...and the deficit (about $3tn) is yet to kick in. This economy is over heated going into 2019. The tax cut is a bad idea. Period.

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