Market Hammered By Largest 2-Day De-Grossing In 4 Years As Growth Vs Positioning Debate Intensifies

Yesterday saw another round of performance pain with consensus getting hit hard with Goldman Sachs trading desk noting a massive 3.8 SD de-grossing event (accelerating from Friday) - again driven by unwinding in single names (long sells > short covers).

Combining Friday and Monday, the de-grossing activity was the largest 2-day de-grossing in 4 years.