Hedge Funds Brace For Reversal: Dump Tech Stocks At Fastest Pace In 2 Years

While both the S&P and Nasdaq rose last week, it was anything but a full-throttled affair. The lack of color on Iran negotiations - which have once again collapsed... but only after the market closed of course - kept risk appetite at bay. As a result, Friday's record close happened with the second worst breadth for an all time high on record: 324 stocks closed lower for a -148 net breadth reading (only October 2025 was worse, with 80% of the S&P down on a record day).