Faang Stocks Blindside Traders With $870 Billion Out-of-Nowhere Surge

Faang Stocks Blindside Traders With $870 Billion Out-of-Nowhere Surge

(Bloomberg) -- Retail traders sold the ETF dip, hedge funds bailed at the fastest rate in five months, and institutions cut allocations to lows unseen since the financial crisis. Then the tech megacaps staged an $870 billion comeback.

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