Hedge fund activist Loeb is worried about this market, exits Facebook

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“While current U.S. growth remains above?trend, helped by fiscal stimulus, this positive impulse is peaking now, and will combine with an increasing drag from tightening financial conditions,” Loeb said in a letter dated Friday. “We have delevered our portfolio, reduced our tech exposure meaningfully, and grown our short book. We expect to be net sellers over the next few months if markets rally.”

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