The trend is your friend until it isn’t. That’s a lesson hedge funds learned the hard way during this week’s market turmoil. Promising news on Covid-19 vaccines set off a violent rotation among stocks Monday and Tuesday that went against professional money managers.
from FA News https://www.fa-mag.com/news/hedge-funds-loading-up-on-darling-stocks-got-a-rude-awakening-58948.html
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