Goldman Sachs: Hedge Funds' Net Selling of US Stocks Reaches Largest Level in Seven Weeks

BlockBeats News, March 24th. According to Goldman Sachs' prime brokerage report for the week ending March 21st, hedge funds' net selling of US stocks reached the highest level in seven weeks, with short positions exceeding long positions. By industry, out of 11 US sectors, 8 saw net selling, led by industrials, non-essential consumer goods, information technology, healthcare, and real estate. Meanwhile, finance, energy, and materials were the only three sectors that saw net buying. (FX678)