Three weeks ago, when stocks were stuck in a relentless meltup mode, we asked if the "Party Is Almost Over" as "Hedge Funds are Dumping Record Amounts Of Tech Stocks To Retail Investors." In retrospect, it appears the answer was yes and that was the start of a brutal rotation out of tech and into small caps and other unloved stocks (especially energy)...
... and after several weeks of active liquidations - which we duly documented - early last we reported that the panic selling of tech stocks had reached unprecedented proportions as "Hedge Funds Flee AI Bubble, Now "Most Underweight Tech Stocks On Record."
