Goldman Traders See 'Less Panic' As Retail Buyers Return To Market

Retail sentiment has been difficult to read recently with Bitcoin down more than -16% over the past month (and down more than -21%  at the November lows) but, as Goldman Sachs Nelson Armbrust points out, the equity narrative is telling a more complex story.

While the euphoric buying has cooled, the overall buying has not.

Retail has almost exclusively bought the dip in the second half of the year and the