Goldman Traders Hit The Panic Button: Perfect Sell Storm Of Positioning, Valuation, Breadth, Concentration And Policy

One week ago we noted that hedge fund sentiment hard-reversed again, and after breaking a streak of 5 consecutive weeks of selling with a week of solid buying the week prior, last week saw a fresh spike in notional de-grossing in US Tech/Media/Telecom (TMT) which was the largest since July ’24 and ranked in the 98th percentile vs. the past five years