Hedge funds have reduced their investments in US tech stocks, reaching the lowest level since the market crash in 2020.Institutional investors have even less exposure than they did during the 2022 bear market.
At the same time, the Nasdaq 100 index has fallen 14% from its highest point.The combined market value of the “Magnificent 7” companies in the S&P 500 has dropped by 4 percentage points to 31%, which is the lowest level since August.
Image originally posted by @SethCL on X/Twitter.
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