Amid 'Exhausting / Confusing' Iran Headlines, Goldman Partner Highlights The Rates Level Where Equities Will Struggle

With fundamental L/S HFs down 4.5% in July (their 2nd worst monthly performance since 2023), yet still up 13% YTD, Goldman Sachs top trader, John Flood, notes that the desk is seeing a lot of questions pouring in on what we are seeing during today’s market reversal driven by leg lower in momentum (again)…