Goldman Sachs: Hedge funds have been dumping global tech stocks this week! The scale has reached a five-year high, second only to last August's market crash.

Inflation, tariffs and other factors, ignited the U.S. stock sell-off, Goldman Sachs data shows that hedge funds sold a large number of global technology stocks this week, the second highest scale in nearly 5 years, Morgan Stanley pointed out that hedge funds have recently become more and more active bets on the decline of technology stocks, of which Huida, AMD Tesla has become the main three short targets. (Synopsis: U.S. stocks were shocked that "Black Friday" crypto concept stocks became the hardest hit area, and MicroStrategy plunged 10%; Bitcoin fears to dip 72,000 magnesium? (Background supplement: US PCE "inflation heats up" Fed interest rate cut in February may wait, U.S. stocks closed black across the board, bitcoin held 84,000) As the Trump administration continues to increase tariff measures, increasing uncertainty about U.S. trade policy, coupled with a tougher inflation outlook, triggering a sell-off in U.S. stocks this week, Goldman Sachs data shows that hedge funds dumped the second-most global technology stocks in five years this week, second only to the sell-off in early August 2024. U.S. tech stocks accounted for 75% of the net sell-off, and even in the early days of the 2022 bear market, these tech stocks did not see such a rapid sell-off, with technology stocks leading the quarter, the Nasdaq 100 index down 13% in the past 6 weeks, and hedge funds' sell-off in large tech stocks continuing. At the same time, it is worth noting that Morgan Stanley released a report on Thursday pointing out that hedge funds have recently become more and more active bets on the decline of technology stocks, of which Huida and AMD Tesla have become the three most important short targets. Wednesday was the third-highest day for hedge funds to sell a single stock so far this year, mainly in technology stocks, in which hedge funds mainly increased short positions and slightly reduced long exposure. This trend shows that after the S&P 500 index rose more than 20% for two consecutive years, hedge funds became more pessimistic about the market, and uncertainty about US trade policy became one of the reasons for the market sell-off. Hedge funds' shorting of tech stocks like Huida and Tesla also underscores what they believe are overvalued in some of the once-sought-after Big Seven of tech stocks. Hedge fund pessimism is not limited to U.S. stocks, many portfolio managers are also net selling shares of European building materials, financial and energy-related companies, and conservative sentiment is spreading around the world. Related reports $1.3 billion bet on Bitcoin, can GameStop's transformational bet win? Arthur Hayes: Bitcoin returns to bull market in April, Fed printing press will continue to release more liquidity Beyond a store of value: where is the pace of Bitcoin BTCFi now? 〈Goldman Sachs: Hedge funds sold global tech stocks like crazy this week! The scale hit the second highest in 5 years, only after the stock market crash in August last year" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".