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Wall Street giant Goldman Sachs: Hedge funds are selling U.S. financial stocks at a rapid pace

Hedge funds have been selling U.S. financial stocks at a rapid pace, making it one of the most net selling sectors in the week of Dec. 1-7, according to a report by Goldman Sachs prime broker。The report added that financial stocks had seen net selling in 10 of the past 14 weeks, while last week's selling rate was the fastest in a month, bringing hedge funds' net exposure to financial stocks to their lowest level since March 2020.。

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