Key Takeaways
- • Wall Street's selling eased after a sharp sell-off on Thursday night, though the Australian Financial Review reports the bleeding has stopped only "for now."
- • Hedge fund manager Dan Loeb posted on social media on Friday night: "Hug your hedge fund manager," after the market rout.
- • The AFR characterises the market's biggest investors as hurting, with its headline warning that the "bigger risk is still ahead."
Summary
Wall Street stabilised after a dramatic sell-off on Thursday night, according to the Australian Financial Review, which reports that the bleeding has stopped for now. The article says the market's biggest investors are hurting and that more pain may be ahead.
Hedge fund manager Dan Loeb responded to the sell-off with a social media post on Friday night: "Hug your hedge fund manager." The article's headline frames the mood among funds as "fear of getting obliterated" and cites a warning that the "bigger risk is still ahead."
Hedge fund manager Dan Loeb responded to the sell-off with a social media post on Friday night: "Hug your hedge fund manager." The article's headline frames the mood among funds as "fear of getting obliterated" and cites a warning that the "bigger risk is still ahead."
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