Potential sell-off of U.S. stocks worth $165,000,000,000…



JPMorgan analysts warn that quarterly portfolio rebalancing could force large funds to sell stocks by $165b until the end of June.

Who might be selling:

➤ Japan Pension Fund – about $60 billion.
➤ U.S. pension funds – about $55 billion.
➤ Norges Bank – about $40 billion.
➤ Swiss National Bank – about $25 billion.

Main risk: overheated AI market, hedge funds are leveraging at record levels (according to Goldman Sachs). The most vulnerable sector is semiconductors, whose share in market value has already diverged significantly from their share in actual revenue.

Risk for the crypto market: BTC is increasingly traded as a technology asset, so a sell-off in AI and semiconductors + rising volatility could quickly spill over into crypto.
BTC-2.21%
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