Hedge funds are dumping stocks on a large scale, setting the largest single-day record since 2010. On Thursday, the volume of shorting was three times that of going long, with North American stocks accounting for 75%. During the Lehman crisis, the single-day dumping was $28 billion, which is approximately $42 billion today. In the week of the COVID-19 shock in 2020, the net selling was $52 billion.
BlockBeats news, on April 5th, according to The Kobeissi Letter analysis, hedge funds are fleeing on a large scale. On Thursday alone, hedge funds sold off $40 billion worth of stocks, setting the largest single-day selling record since 2010. The shorting volume on Thursday was three times that of going long, with North American stocks accounting for 75% of the total volume. The previous record was during the 2008 Lehman crisis when the market saw a single-day sell-off of $28 billion, which, adjusted for inflation, is approximately $42 billion today, and a net sell-off of $52 billion during the week when COVID-19 hit in 2020.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Hedge funds set the largest single-day dumping record since 2010, approaching the 2008 Lehman crisis.
BlockBeats news, on April 5th, according to The Kobeissi Letter analysis, hedge funds are fleeing on a large scale. On Thursday alone, hedge funds sold off $40 billion worth of stocks, setting the largest single-day selling record since 2010. The shorting volume on Thursday was three times that of going long, with North American stocks accounting for 75% of the total volume. The previous record was during the 2008 Lehman crisis when the market saw a single-day sell-off of $28 billion, which, adjusted for inflation, is approximately $42 billion today, and a net sell-off of $52 billion during the week when COVID-19 hit in 2020.