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Goldman Trading Desk: "$13 Billion Of Demand Every Day... That's The Line That Will Hit The Press"

Tyler Durden's Photo
by Tyler Durden
Thursday, Aug 11, 2022 - 11:55 AM

While reading today's end-of-day market recap from Bloomberg titled "Cut-to-Bone Positioning Set the Stage for Stocks’ Big Bounce" we couldn't help but laugh at how the author frames the massive melt up that started in June, accelerated mid-July and really took off in late July and early August, by saying that "nobody saw it coming, and now everyone wants in." Well, actually, maybe readers of Bloomberg didn't, but our subs did:

But while Bloomberg will be doing more meaningless post-mortems in a few weeks explaining after the fact "how an improbable equity market bounce is threatening to become a meltup", our readers will again be ahead of the curve in what comes next courtesy of the most comprehensive flow of funds and positional analysis from the Goldman Sales and Trading desk (which unlike the bank's sellside research, has actually been spot on in their calls so far this week).