Goldman Sachs Prime Brokerage Data Shows Tech Sector Net Selling
1 report, 1 independent
Updated 00:00
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What happened
Goldman Sachs prime brokerage information showed that Technology led sector net selling across its global and U.S. client books last week. U.S. fundamental long-short clients sharply reduced leverage, with gross leverage falling 8.7 percentage points to 207.5% for the week ended Nov. 6. Net leverage decreased 3.7 percentage points to 43.3%.
From econotimes.com
Why it matters
The decline in U.S. client leverage was the largest weekly drop since March 2020. Technology's net-selling ratio was comparable to high readings from 2016. Bloomberg linked the reassessment of artificial intelligence trades to concerns that political opposition could slow data-center construction.
From econotimes.com
Who's involved
- Goldman SachsProvided prime brokerage data on client positioning and leverage.
- Bloomberg TelevisionReported the prime brokerage figures.
Keep exploring
The entities involved
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Bloomberg Television
financial and business cable news channel
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Goldman Sachs
American investment bank