According to The Kobeissi Letter, hedge funds have sold off global stocks at an unprecedented rate in the two weeks ending March 3rd, marking the fastest pace on record. This reduction in equities exposure by institutional investors has surpassed the levels seen during the 2022 bear market, as concerns over a potential trade war and increasing market uncertainty drive the sell-off.

According to The Kobeissi Letter, world technology stocks have surged approximately 1,700% since the beginning of 2009, starkly outperforming global stocks excluding the TMT sector, which gained about 300% in the same period. This indicates a significant market reliance on technology stocks for growth.

According to The Kobeissi Letter, world technology stocks have surged approximately 1,700% since the beginning of 2009. In contrast, global stocks excluding the Technology, Media, and Telecom (TMT) sector have only increased by around 300%. This highlights the substantial growth and dominance of tech equities in the market, which have more than doubled in value compared to other sectors.