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Hedge funds forced out of tech stocks may leave the market at the mercy of retail traders

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Hedge funds forced out of tech stocks may leave the market at the mercy of retail traders

JPMorgan strategists say large hedge fund groups were hit by the July tech selloff and may reduce buying of those stocks going forward. This suggests a near-term shift toward more cautious positioning in tech and higher sensitivity to volatility.

Analysis

JPMorgan strategists say large hedge fund groups were hit by the July tech selloff and may reduce buying of those stocks going forward. This suggests a near-term shift toward more cautious positioning in tech and higher sensitivity to volatility.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20

Ticker Sentiment

JPM-0.20

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