Orderly Deleveraging Continues
−1.4%
The most likely path is a continued but controlled reduction in crowded AI and megacap technology exposure. Hedge funds keep cutting gross and net equity risk, but selling remains concentrated in high-multiple AI beneficiaries rather than becoming a systemic liquidity event.
What it moves
- Technology−2.0%
- Telecommunications−1.3%
- Market volatility
- Riskier companies' borrowing costs
Keeping an eye on this scenario?
Tilt can alert you when its probability or impact shifts, or send you a recommendation when it crosses a threshold.