According to ME News, on August 6 (UTC+8), preliminary data from J.P. Morgan’s assessment of long-short hedge funds in the technology, media, and telecommunications sectors suggests that tech stock trading may now be becoming increasingly reliant on retail investors following the severe sell-off in July, leading to heightened volatility. J.P. Morgan strategists, including Nikolaos Panigirtzoglou, noted that data from Pivotal Path indicates these hedge funds suffered losses exceeding 10% in July. This drawdown does not yet account for the Situational Awareness fund, which was forced to sell the majority of its public equity portfolio last week after sharp sell-offs in semiconductors and tech stocks. Panigirtzoglou believes this indicates that other technology-focused long-short hedge funds may also have faced forced liquidations in semiconductor and memory chip stocks. (Source: BlockBeats)
JPMorgan: Retail Investors May Gain Greater Influence in Tech Stock Trading Following July's Sell-off
KuCoinFlashShare
Summary
JPMorgan analysts said retail investors could play a larger role in tech stock trading following July’s sharp decline. Long-short hedge funds in technology, media, and telecommunications lost more than 10% last month, excluding the Situational Awareness Fund, which sold the majority of its equity positions. Nikolaos Panigirtzoglou noted that forced liquidations in semiconductors and memory chips may have occurred. As value investing in crypto gains momentum, traders are reassessing the risk-reward profile in volatile markets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.