Hedge Fund Selling Was Never More Furious Than in Last Two Days
- Goldman data show clients boosting short sales ‘aggressively’
- Leverage near five-year lows as S&P 500 enters bear market
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The smart money dumped stocks at the fastest pace on record as a vicious selloff sent the S&P 500 into a bear market.
Hedge funds tracked by Goldman Sachs Group Inc. offloaded US equities for a seventh straight day Monday, with the dollar amount of selling over the last two sessions exploding to levels not seen since the firm’s prime broker began tracking the data in April 2008.