Reported 1 day ago
Global hedge funds and leveraged ETFs rapidly sold over $40 billion in stocks after President Trump's unexpected announcement of increased tariffs, pushing S&P 500 companies to lose more than $4 trillion in market value. Major financial institutions like JPMorgan and Goldman Sachs noted a significant shift toward bearish positions, with substantial selling primarily in financial and tech sectors, while only defensive sectors like real estate saw buying activity. The market volatility has prompted hedge funds to unwind positions to mitigate risks.
Source: YAHOO