"Extremely Fragile Market": Traders Stunned As Over 40 S&P Names Tumble In 3-Sigma Move Today

With traders sitting on the verge of their seats, wondering which sector will trapdoor next in response to some AI disruption headline, here are some market thoughts tom Goldman's Ryan Shakey

The market remains extremely fragile and factor moves are extreme. More than 40 S&P names are having more than a 3 sigma move today (for context yesterday’s session was 15), that is the highest I can remember in a long time.