Goldman Sachs – Global hedge funds reducing exposure to US stocks for 5 days in a row

A note from Goldman Sachs, info via Reuters, citing GS ‘without providing figures’:

• value of stocks hedge funds ditched over the last five trading sessions was the biggest since November 2022 and is close to a five-year record
• de-risking has been led by the information technology sector, followed by industrial, healthcare, consumer discretionary and communications services

ICYMI:

• Forexlive Americas FX news wrap: Nasdaq suffers worst drop since 2022. USD/JPY pressured

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Goldman Sachs is a good source of such info as its one of the biggest global providers of equities trading and financing for hedge funds

This article was written by Eamonn Sheridan at www.forexlive.com.