Reported 2 months ago
Global hedge funds are increasingly adopting bearish positions as fears mount over a rapid economic slowdown in the U.S., with data showing a decline in job growth and manufacturing activity. Goldman Sachs noted that for every long position added, 3.3 short bets were placed, marking the third week of this trend. Hedge funds also reduced their exposure to seven out of eleven sectors, with healthcare stocks being sold at a significant pace.
Source: YAHOO