Forced Selling Extends

A less benign outcome is that losses and investor redemption concerns force managers to keep reducing gross and net exposure. Because the prior timeline shows crowded AI longs already suffered a historic rout, another wave of liquidation would disproportionately hit technology, consumer cyclicals and prime-broker-exposed financials.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.