Shorting The Rip: Hedge Funds Sell Into Best Chip Rally Since April As Goldman's Tech Long/Short Ratio Hits Record Low
ZeroHedge·
- Hedge funds sold into a major market rally where the S&P 500 gained 2.5% and semiconductor stocks surged over 8%.
- Despite macroeconomic pressures including inflation data and Federal Reserve rate hike speculation, the market experienced its strongest semiconductor rally since April.
- Goldman Sachs reported that the tech long/short ratio hit a record low following significant hedge fund deleveraging.
