We keep hearing the same story over and over these days: the market is about to finally shift positions and tech is about to fall. It's hard to see solid signs of this from looking at individual stock performance because it seems whenever tech favorites take the plunge, they come roaring back after a short period. Nonetheless, it looks like a growing number of hedge funds are starting to abandon the Tech ship after having been burned by the FANGs and other popular names.
Taking a bite out of FANG
The latest edition of the Goldman Sachs Hedge Fund Trend Monitor was released this week, and as of the beginning of the third quarter, the FANGs were still favorites among...
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