Selling Frenzy By Hedge Funds Hits Record, Offset By Surge In Buybacks
TYLER DURDEN, 04 May 2021
Two weeks ago, Bank of America warned that it had observed a sharp reversal to “increasingly euphoric sentiment” among its institutional, hedge fund and HNW clients, all of whom sold in the previous week even as stocks continued their grind higher. This happened around the time that Goldman’s Prime Brokerage had observed a startling streak as hedge funds sold stocks for 7 days out of 8, which prompted us to warn that a short squeeze was coming… we were right, because just a few days later the S&P was back at all time highs on – you guessed it – another whopping short squeeze. Continue reading “Article: Selling Frenzy By Hedge Funds Hits Record, Offset By Surge In Buybacks”
