The Week the Smart Money Got Whipsawed by the Market - WSJ

1. Hedge funds faced a significant loss, impacting GS stock performance. 2. Goldman Sachs noted hedge funds' worst 14-day period since May 2022. 3. An overall S&P decline of 10% was recorded, leading to market corrections. 4. Hedge fund managers expressed uncertainty about the market due to economic pressures. 5. Crowded trades exacerbated hedge fund losses, affecting stocks like Wells Fargo and Nvidia.