Dumping of US Stocks by Fast-Money Traders Appears to Be Easing
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Selling of US stocks by a closely watched group of investors appears to be easing after weeks of steep market losses, according to Wall Street banks.
Selling pressure coming from so-called systematic funds, which take cues form the market direction rather than fundamentals, could soon ebb, according to Goldman Sachs Group Inc.’s trading desk. Meanwhile, TD Securities and Citigroup Inc. say it’s already happening.