BlockBeats News, March 30th, Goldman Sachs data shows that hedge funds sold off a large amount of global tech stocks this week. The scale of this sell-off is second only to the sell-off in early August 2024 in the past 5 years. In this round of sell-off, U.S. tech stocks accounted for 75% of net sales.
Analysis pointed out that even in the early stage of the 2022 bear market, these stocks did not see such a rapid exit. This sector has led the decline this quarter, with the Nasdaq 100 index falling -13% in the past 6 weeks. (The Kobeissi Letter)
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