Last Week Saw The 2nd Largest Selling Of Tech Stock By Hedge Funds In 5 Years

After a modest bounce the week prior, last week saw US equities resume their selloff for the 5th week in the past 7, and 2nd in the past 9, as a strong start to the week quickly gave way to more trade-related jitters and macro concerns. More importantly, the S&P closed back under the 200DMA (which, as Albert Edwards warns us, is a problem as "nothing good ever happens below the 200DMA".)