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Goldman Desk Warns Of Momentum Carnage, Recommends This Trade As Crash Hedge

Tyler Durden's Photo
by Tyler Durden
Authored...

Coming into today's clusterfuck of a day, Goldman's high beta momentum long basket was up over 20% to start the year and had outperformed the S&P by nearly 24% over the last 20 sessions, which according to Goldman derivatives trader Cullen Morgan was one of the largest outperformances on record.