🇺🇸 S&P 500 vs. S&P 500 Equal Weight rolling 26 week correlation: 0.38
An all-time record low! pic.twitter.com/gil0LjOMRX
— Alex Joosten (@joosteninvestor) November 15, 2026
The pain on Wall Street is getting harder to hide. Hedge funds that were sitting on big gains earlier this year have watched much of that money disappear. Goldman Sachs estimates tech-focused long-short funds went from a 24% gain in June to roughly flat after the latest selloff. The Nasdaq 100 fell 6.6% in October, its worst month in 18 months. Global hedge funds lost an estimated 3%.
Now firms are cutting risk, reducing staff and unwinding trades. Walleye Capital, a $17 billion hedge fund, is shrinking its stock-picking operation and returning some investor money after its worst month since March 2020. Even the pros are getting caught on the wrong side of these swings.
https://www.reuters.com/markets/wealth/hedge-funds-risk-crowding-themselves-out-of-favor-2026-11-05/
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