Demography, Debt, & Defense: These Are The Top Charts That Goldman Traders Are Watching...

Hedge-fund US long/short and net leverage both sit in the 4th percentile while gold specs just reversed, tech L/S momentum is down ~50%, and hyperscaler FCF stays negative into 2027. Add Europe's multi-year flow drought, French yields over Greece, quadrupling robot shipments, and heating DDR5 prices, and these are the charts that Johannes Duttenhoefer says have received a lot of attention from Goldman's traders this week...

Prime book: the US Fundamental Long/Short ratio is in the 4th percentile on a 1yr horizon.