"Hedge Funds Utilizing AI to Unload $30 Billion Worth of Stocks, Reveals UBS"

Hedge funds that use computer algorithms to trade equities are expected to start selling $20 billion to $30 billion worth of stocks in the next two weeks, according to a note from UBS. These hedge funds, which have turned neutral from bullish on stocks, are anticipated to follow recent negative performance and sell stock, potentially exacerbating the downward move in shares. This will be the first time these hedge funds will be net short equity markets since November 2022.