Mega Cap Tech Dumped – Alternative Scenario to Sellers Exhaustion
11:51 AM ET “Asset managers were steadily reducing risk in relative out-performers and started rotating into defensives late in the week” – Goldman Sach’s Goldman’s Prime Brokerage saw Hedge Funds selling Tech, Financials, & Discretionary, which are among the worst performing sectors at this morning’s open. Meanwhile, the two countercyclical defensive sectors are in the…