...Wow! This is an even bigger liquidation than I'd imagined.
...This looks like "the end" verdict by hedge funds of the Mag7 exceptionalism.
...the Mag7 is the market, so retail players buying the dip could be missing the plot.
Goldman: Hedge Fund net exposure to the Mag 7 at a 2 yr low.
https://x.com/neilksethi/status/1903411334211076194
