JPMorgan Sees $165 Billion Stock Selloff Risk as Goldman Flags Rising Hedge Fund Leverage
2026-06-22 01:06:31
JPMorgan estimates quarter-end rebalancing could trigger up to $165 billion in equity selling before June ends, adding risk of sharp moves in crowded technology trades. According to BeInCrypto, Goldman Sachs prime brokerage data show gross hedge fund leverage hit about 294% in June 2025, a five-year high, and Goldman trader Lee Coppersmith said net leverage has since pushed to four-year highs. JPMorgan strategist Nikolaos Panigirtzoglou warned stretched semiconductor positioning could amplify pullbacks, while Japan’s $1.9 trillion Government Pension Investment Fund may sell about $60 billion. JPMorgan also flagged spillover risk to Bitcoin (BTC).
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