Hedge Funds were selling big, unwinding risk at a near record pace in February
Hedge Funds were selling big, unwinding risk at a near record pace in February
Retail investors net bought stocks for 28 straight days from 1/10 to 2/20, including 4 of the top 5 largest retail buying days in history.
This the type of euphoria you see at market tops.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $NVIDIA(NVDA)$ $Tesla Motors(TSLA)$
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It was not just retail euphoria though.
Everyone was mega bullish on stocks.
Overall long positioning reached ATHs (institutional + retail + foreign).
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Hedge Fund long exposure was in the 94th percentile at the end of January.
However, they have been huge sellers for the last month +.
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