TechFlow, April 5 — According to analysis by The Kobeissi Letter, hedge funds sold $40 billion worth of stocks in a single day on Thursday, marking the largest one-day stock selloff since 2010. Data showed that short-selling volume was three times higher than buying volume that day, with North American stock transactions accounting for 75% of total trading volume.
The previous record was a $28 billion single-day market selloff during the Lehman crisis in 2008, which amounts to approximately $42 billion today when adjusted for inflation, and a net weekly outflow of $52 billion during the 2020 pandemic shock.
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