Hedge Fund Algorithms Turn Bearish, Prepare to Sell Billions in Stocks

Hedge funds using algorithms to trade stocks are turning neutral/bearish, expecting to sell $20-$30 billion soon
This would be the first time they are net short since Nov 2022 as they follow recent market declines
These computerized funds tend to lag market moves as downward trends take time to establish
Same funds have been long the dollar and short long-term US Treasuries
Dollar trading hit record highs in 2022, with most volume involving dollar pairs

reuters.com

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Posted 10/2/2023, 2:54:00 PM