Yesterday we reported that after dumping a massive $100 billion in global stocks in the past two weeks, CTAs and most other systematic funds (with the exception of risk-parity) were done selling stocks, and their next move would most likely be to buy risk assets, especially if there was a move higher in risk.
This morning one of Goldman’s top (and certainly best-paid) traders, Brian Garrett, confirms as much, and in his latest note (available to pro subs) which is a follow up to his observations from late last week which found “bearish sentiment was everywhere”…
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https://www.zerohedge.com/markets/goldman-trader-ctas-sold-record-40bn-sp-futs-5-days-there-good-news
