Reported about 1 month ago
According to Goldman Sachs, hedge funds have been consistently betting against banks, insurance companies, and property stocks, marking the fourth consecutive week of net selling in these sectors. Despite a slight resurgence in financial stock indices, short positions in these assets have been prevalent as job cuts and reduced deal-making occur globally. The trend reflects a broader pessimism in financial markets, with hedge funds also engaging in modest buying in consumer finance sectors.
Source: YAHOO