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.。

At the 2023 DealBook Summit on Wednesday, hedge fund magnate Bill Ackerman asked JPMorgan CEO Jamie Dimon what he would do if he were president。Ackerman asked: "(Assuming) this is your first 100 days in office, what are your top 10 priorities?？What will you do in your first year?？Ackerman has previously called on Dimon several times to run for president.。Dimon says he'll play Robin Hood and raise taxes on the rich。Dimon told Ackerman: "I would make people like you pay a little more tax.。On the day I take office, this carried interest will disappear because it's unfair.。"

Consolidation in the Forex Prime Brokerage (FX PB) industry is increasingly evident, especially in hedge funds。Commissioned by Standard Chartered, Acuiti has released a new report highlighting fund managers' concerns about the ongoing adverse effects on the sector.。

As we all know, interest rate hikes are the biggest killer of bull markets。In general, a central bank rate hike will lead to a reduction in liquidity in the market, which will have a dampening effect on the overall economy and thus depress the stock market。Now, this round of interest rate hikes in the United States has reached its peak, the impact on the economy is gradually showing, although at the beginning of the year out of a wave of bull market, but the recent performance of U.S. stocks is not very bright。In this case, there are already institutions that are starting to collect rice and even start shorting some areas。According to Goldman Sachs' latest report, as of October 13, hedge funds began selling shares of all types of food, beverage and tobacco companies at the fastest pace in 11 weeks, and it's not over yet, the report also said that these hedge funds have reached their highest level in three months on must-spend character short bets and one of their highest levels in nearly five years.。Typically, hedge funds are already exposed to significant risk by launching a short trade, let alone another sell trade。If consumer goods have to go down in the future, hedge funds will get amplified gains, but if the sector goes up in the future, these hedge funds will also get amplified losses.。So, this all-out bet that the consumer goods industry must go down is okay to play well, and if you don't play well is to push yourself to the fire pit So why are these hedge funds so sure that consumer goods will go down?？The reason is simple, because these stocks typically have higher payout ratios than U.S. Treasury yields, and many investors buy these consumer goods to eat dividends。But with the recent surge in yields on government bonds, the stock payout ratios for these consumer goods are no longer attractive。

As famed fund manager Michael Burry made headlines in the first quarter of this year, he trumpeted his support for Alibaba Group Holding Ltd..) and other bullish bets on stocks, other Wall Street top-stream hedge funds have also poured in。