Global Equities Net Sold for Seventh Straight Week, Financials Hit Hard, Short Sales 1.9 to 1

Global equities have been net sold for the seventh consecutive week, driven by short sales outpacing long buys. Financials were among the most net sold sectors on Goldman's Prime Book last week, marking the fourth straight week of net sales in this sector. Short sales outpaced long buys 1.9 to 1. Sub-sectors including Insurance, Capital Markets, Mortgage REITs, and Banks were all net sold. This trend follows two months of strong foreign inflows, with global funds selling stocks for most of the session in August.