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Goldman Trader: "If You Ask Me What Period This Most Reminds Me Of, My Reflex Would Be The Year 2000"

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by Tyler Durden
Sunday, May 29, 2022 - 12:44 PM

By Tony Pasquariello, head of hedge fund sales of Goldman

For stock operators, the past two months were largely shot through with a sensation of abandon ship. Whether it was the seven week losing streak in the S&P itself ... or, below the hood of the index, the searing breadth of the selloff ... this episode brought elements of nowhere-to-hide.

To give context to just how turbulent the trading environment has been: 1-month realized volatility reached 34.9% last week, which registers in the 95th percentile on a data set that goes back a full 90 years (link).