Goldman Sachs Prime Brokerage pointed out in a report that despite hedge funds' record-high short positions in the software and information technology services sector this week, the recent rebound in stocks in this sector is expected to continue. Data from the London Stock Exchange Group shows that the S&P 500 Software & Services Index has plummeted more than 18% since the beginning of the year, with a market value evaporation of over $1.2 trillion. However, the constituents of this index have rebounded this week, with gains exceeding 4%.
