Hedge funds are dumping US tech stocks at a record pace:
Hedge funds have sold information technology stocks in 6 of the last 8 weeks.
This brings total 8-week sales to the largest in at least 10 years.
Last week alone, technology was the most-sold US sector among hedge funds.
As a result, tech exposure as a % of total market exposure is down to its lowest since February 2026.
At this rate, tech exposure could fall to its lowest in at least 5 years as early as next week.
Hedge funds are rapidly moving to the sidelines.