Stock market live Friday: Dow down 220, JPMorgan sees ‘sell signals,’ hedge funds buy tech
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange.
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8:33 am: Hedge funds are crowding into a few stocks
Goldman Sachs notes that “the typical hedge fund now carries 69% of its long portfolio in its top 10 positions, up from 55% in 2005.” Top favorites of…