$SPX Sees Heavy Hedge Fund Selling While Oversold Levels Remain Limited

DavidMarlin
04-05

Hedge funds dumped stocks at the fastest pace in 13 years in March.

Faster than COVID.

Faster than the 2022 Bear Market.

Only March 2013 was worse.

Only 11% of $S&P 500(.SPX)$ stocks are oversold right now.

Still nowhere close to the levels we saw during Liberation Day, the 2022 Bear Market, COVID, or the Dec 2018 meltdown.

No real washout yet.

$E-mini S&P 500 - main 2606(ESmain)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2606(NQmain)$ $iShares Russell 2000 ETF(IWM)$

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