From 'Buy The Dip' To 'Sell The Rip' - Goldman Flows Guru Warns Of "Supply/Demand Mismatch" In Stocks

The US equity market appears to have changed regime from "buy the dip" to "sell the rip" (and reduce delta), according to Goldman Sachs flow of funds guru Scott Rubner.

In a note this morning, he points out that he is receiving a lot of questions about so-called 'non-fundamental sellers' - a topic we have discussed extensively in the last couple of days as CTA thresholds are crossed and vol-strategy players get proper-f**ked by geopolitical upsets. and OpEx gamma unclenching.