Hedge funds are selling stocks at the fastest pace in three months and stepping up short bets

- Hedge funds are selling stocks at the fastest pace in three months, increasing bearish wagers against equities - Goldman Sachs' prime brokerage data shows hedge funds selling global stocks on a net basis, driven by short sales - Bank of America's client data shows hedge fund clients selling stocks for the fifth consecutive week - Market is experiencing a retreat as investors reassess the Federal Reserve's path to cutting interest rates - Consumer discretionary stocks were among the worst performing and most sold U.S. sectors last week - One of the biggest drivers of the recent pullback is a shift in interest rate expectations, with the market seeing a coin flip between two and three rate reductions this year