Here They Come: Hedge Funds "Start To Rerisk", Buy Tech For 11 Straight Days

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by Tyler Durden
Wednesday, Feb 15, 2023 - 10:25 PM

Two weeks ago, when looking at the insane post-FOMC market explosion which was facilitated by a historic burst of record 0DTE call buying...

... and which crucified shorts, we said that with hedge funds still positioned very extremely bearishly, Goldman Prime calculated that the Feb 2 degrossing - short covering and long sales combined - was the largest since Jan '21 and ranked in the 99.9th percentile vs. the past 10 years. That's right: hedge funds were so beared up going into the FOMC, the result was bloodbath as margin calls collided with stop losses and everything was sold with the bathwater.