TSMX
----
Pretty crazy Reuters piece on the global selloff.- October 22 marked the 1st time since the COVID crash that long/short,…
Pretty crazy Reuters piece on the global selloff.
- October 22 marked the 1st time since the COVID crash that long/short, systematic, and multi-strategy hedge funds tracked by Goldman Sachs ALL lost more than 1% in a single day.- Tech-focused hedge funds: down ~10% in October- Asia-focused hedge funds: down ~9% in OctoberThere’s separate interviews where Citadel/JP Morgan have been saying retail has been the ones buying the dip in semiconductor, neocloud, and memory stocks.And the stocks bought by most retail were $Nebius(NBIS.US), $Sandisk(SNDK.US), and $Taiwan Semiconductor(TSM.US).Reuters stated this downturn triggered institutional deleveraging events among hedge funds.Quite the divergence, I do think there’s been a ton of irrational selling now, hedge fund deleveraging seems to be a major contributor.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.