As we commented last week [3] when Goldman propped a Long Russell 2000 position, their recent track-record in perfectly wrong-footing their clients is statistically outstanding as a contrarian indicator. Following on the heels of Stolper's record-breaking run of wrong calls in EURUSD, the Goldman strategy team has very magnanimously had 1.6% of client moneys donated to their bonus fund since they managed one of the better top-ticks we have seen in months. And with collapsing trading volumes pointing to another plunge in quarterly bank earnings, Goldman's "Investing and Lending" group desperately needs any alpha it can get its hands on.
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Chart: Bloomberg