Emre Yumlu 
Goldman Sachs: Hedge funds sold global stocks in their biggest daily net sale since 2010 on Thursday.
Hedge Funds Make Their Biggest Global Stock Sale Since 2010
Goldman Sachs said in a note to its clients that hedge funds worldwide made their biggest daily net stock sale since 2010 on Thursday, April 4. The sales reflect the major declines in global markets.
Goldman Sachs said the vast majority of its portfolio managers chose to take positions against stocks on Thursday. Investors abandoned their positive expectations for stocks and chose to open short positions amid ongoing uncertainty and negative economic signals in the markets. At the same time, some investors tried to minimize risk by selling their long-term positions.
Goldman Sachs: Stock Market Pressure May Continue
These large sales by hedge funds are considered as a reaction to the volatility seen in global markets and especially the negative atmosphere created by the recently announced economic data. Many analysts say that such large sales indicate that investors’ market expectations have deteriorated and that they are adopting a more cautious approach to future economic uncertainties.
According to Goldman Sachs, net sales by hedge funds may continue to create great pressure on the stock market. In particular, the continuation of high volatility and economic uncertainties may create additional pressure on the market. This situation may reinforce the tendency for institutional investors and hedge funds to avoid more risk and take short-term positions.
As a result, global stock markets continue to be shaped by investors’ cautious approach and low risk appetite. These developments indicate that risky assets such as altcoins may also be affected.
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