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