Goldman Trader: “Signs Of [Upside] Capitulation Are Starting To Emerge”

The early-month exuberance within the S&P 500 has faltered right into a sideways marketplace for the final week or so (albeit with the BoJ-rumor-driven plunge combined in)….

Still, the de-grossing regime-shift that we highlighted 10 days in the past has continued as Goldman’s Prime Desk notes that, from a buying and selling exercise standpoint primarily based on Prime information, July is monitoring to be one of many largest energetic de-grossing months for hedge funds in recent times (92nd percentile on a 10-year lookback), pushed by quick covers and to a lesser extent lengthy gross sales (~3 to 1). The general Prime ebook has seen de-grossing exercise in 12 of the previous 14 classes.


Source link

Related Articles

Back to top button
Available for Amazon Prime