Hedge boxes reduce their interest in technology shares

Before announcing the results of “Invidia”, hedge boxes pumped large quantities into technology shares. Now they are withdrawing their money and selling these shares the fastest in seven months. The fund managers sold their belongings from these shares over four consecutive sessions last week, including Thursday, which followed the announcement of the results of “Invidia”, according to the data issued by the most important broker unit of “Goldman Sachs”. The frequency has been ranked among the highest 2% over the past five years. The data indicates that traders after a six -week purchase gain profit from their interest on technology stocks, and invest the extra money in less volatile shares, such as consumer commodity shares. According to the most important brokerage unit in Goldman, home products manufacturing companies have seen the largest net purchase in ten weeks. Confidence in technology stocks, “Goldman” traders indicated in a report to the data that confirms the confidence in the market in technology stocks. The differences between sales options and buying options, often used as a scale for investor fear, have decreased, and ‘invitations’ shares were one of 1% of the most traded shares by individual investors this week. But with the high morale to this extent, there is cause of concern. The Nasdaq 100 index has a day of the rise that the company has reached “Invidia” for one day, because it has recorded losses during the past four sessions. Also read: Hedging funds increase their investments in “Amazon”, “Intel” at the expense of “Nike” and “Pfizer”, Peter Callen, which specializes in technology, media and communication at the bank: “It has elicited some stress on the sustainability of momentum from now on.” He added that after all major technology companies announced their reports, the focus in the next few days would change into economic data and the timing of lowering interest rates.