Goldman: Soaring 0DTE Volumes Are Behind The Late-Day August Selloffs

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by Tyler Durden
Thursday, Aug 17, 2023 - 09:55 AM

Yesterday, when looking at the key levels across the systematic universe, we warned our subs that we are "On The Verge Of A Systematic Dump" and that  "a Drop > 1% Sees Good Size Selling, A Move >2% Is Gonna Be A Mess". And judging by today's slide, which broke below all key support levels...

... and closed at the lows, that was indeed the case, with stocks sliding another 0.7% after yesterday's late session dump with the Fed's hawkish minutes only adding fuel to the selloff.