Goldman Sachs: Hedge funds' net selling of U.S. stocks reaches largest scale in seven weeks
According to Goldman Sachs' prime brokerage report for the week ending March 21, hedge funds' net selling of U.S. stocks reached its highest level in seven weeks, with short-selling exceeding long buying. From an industry perspective, eight out of eleven U.S. industries were net sellers, 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.
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