Wall Street’s ‘Smart Money’ Braced for Tariff Chaos. It Was Still Caught Off Guard. - WSJ
1. Tariff announcements led to massive market fluctuations and lost value. 2. Goldman Sachs clients sold stocks at the highest rate in 12 years. 3. Hedge funds shifted from bearish to bullish, causing volatility. 4. Hedge funds displayed significant gains despite broader market challenges. 5. Increased anxiety about quick market changes among hedge fund managers.