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Goldman Sachs (GS) strategist John Flood says that U.S. stocks could see a short-term drop.
Commodity trading advisers have shifted from buying to holding, reducing new positions by $21 billion.
KEY POINTS
- Pension funds are expected to sell over $25 billion in stocks during month-end rebalancing.
- This month's anticipated pension selling could mark one of the biggest monthly selling events in decades.
- Hedge funds have reduced both long and short positions, resulting in the slowest trading activity in 13 weeks.
- Recent stock gains have been concentrated in large tech stocks, increasing overall market fragility.
COMPANIES
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