The Kobeissi Letter: Institutional Investors Are Actively Selling U.S. Stocks at the Fastest Pace Since October Last Year
BlockBeats News, February 6th. According to The Kobeissi Letter, institutional investors are actively selling off US stocks. On Wednesday, hedge funds sold US equities at the fastest pace since last October, marking the second consecutive day of selling. This was primarily driven by short-selling, followed by unwinding long positions. This also marks the fifth net outflow in the past 6 days.
As a result, 5 out of the 11 industries in the US stock market have experienced liquidation, with the information technology, industrial, and materials sectors being the most affected. The semiconductor and semiconductor equipment, communication equipment, and technology hardware sectors faced the most pressure. The report suggests that this represents a shift in hedge fund sentiment.
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
South Korean stocks dropped over 1%
"Big short" Michael Burry: The AI bubble may burst "earlier than expected," replacing short positions with put options to increase leverage
Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.
Variational open interest has exceeded $2 billions.
Janus Henderson Macro Head Says Market Is Near Its Top but Cannot Say When
Crypto prices
More
