Goldman: This Is Now The Biggest Ever Move Higher In Yields After The First Rate Cut

By Mark Wilson, Goldman trader and managing director

1. Its been a volatile start to the year with limited directional clarity, but plenty of trading activity: Tuesday was Nasdaq’s largest volume day in history, 13.4BN shares traded; Tuesday also was a record trading in US stocks with prices <$1 (typically associated with speculative retail activity) as a %age of total volume.