Goldman Trader: "The Top Incoming Question From Clients Is When Do I Re-short... Here Is My Reply"

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by Tyler Durden
Monday, Jul 11, 2022 - 01:30 AM

Having warned last weekend that he would finally capitulate if stocks failed to stage a rebound this past week, which together with the current week represents what is historically the best 2-week calendar period for markets in the entire year...

... Goldman's always bullish flow trader Scott Rubner likely sighed in relief on Friday when stocks closed sharply higher after the latest powerful short squeeze and bear market rally; in fact, as Rubner notes, the holiday-shortened week was the best Q3 start for the S&P 500 in 42 years - since 1980 - and 9th best start to Q3 since 1900. Then again, even Rubner is loathe to concede that this particular rally likely won't last, and as he admits, "the #1 incoming question to hit my desk week from global wall street “When do I short (actually re-short) the equity market?” - Is it location (price level) or time and when is the short covering bid completed?"