Post by Augustine Chiagozie (@pabloexchange)

📉 Hedge Funds Slash US Tech Exposure Sharply

Hedge funds posted their largest two-week cut in US tech exposure this decade, excluding early 2021 meme stock moves.

Long sales outpaced short covers by 1.5 to 1.

Nearly all subsectors fell, led by Semiconductors and Semi Equipment.

Hedge funds also sold Magnificent 7 stocks in four of five recent sessions, locking in big tech profits.

📉 Hedge Funds Slash US Tech Exposure Sharply Hedge funds posted their largest two-week cut in US t...

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