Here Comes The Squeeze: Goldman Prime Says Hedge Funds Shorted Tech For 9 Of The Past 10 Days
While superficially appetite for risk was present, with GS Prime writing that its book " was modestly net bought yesterday (+0.5 SDs vs. average daily flow of the past year), driven by risk-on flows with long buys outpacing short sales 1.6 to 1" with " 7 of 11 sectors were net bought on the day led in $ terms by Comm Svcs, Real Estates, Consumer Disc, and Utilities" a detailed look reveals that the smart money has decided to aggressively pursue continued declines in tech. Indeed, validating the...
Source: zerohedge.com