The Answer To The Top Question On Goldman's Trading Floor: "What Breaks Credit?"

Late on Monday, after the worst one-day rout for US stocks in years when most of the Mag7 names slumped into correction (and some like TSLA cratered down 50% from their recent all time high), we joked tongue-in-cheek that while equities were blowing up left and right, so far the biggest catalyst for Fed intervention, credit, had barely budged.