“Hedge funds using computers to sell up to $30 billion of stocks soon – UBS”
October 3, 2023
“LONDON (Reuters) – Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows…
The bank anticipates as much as $30 billion of outflows will soon hit markets, potentially exacerbating the downward move in shares, as these hedge funds start selling stock to follow the recent negative performance…”
https://finance.yahoo.com/news/hedge-funds-using-computers-sell-145430406.html
It seems to me like this is basically telling the entire world to start short selling in 2 weeks. At least that’s how I interpret this article. I’m not saying that’s the right move but get from this article.