Here's What Goldman's Top Traders Think About The Market After Friday's Rout

It was an extremely hectic week with risk appetite sliding, especially for "fiat alternatives" like precious metals and crypto, which were absolutely clobbered on the market's false assumption that Kevin Warsh will be hawkish.

Commenting on last week's performance, Goldman trader Mike Washington writes that the highest velocity of sell tickets were seen across Managed Care and Software. But it was momentum breaks across asset classes also that especially contributed to negative reactions (we've already written a lot about Friday's historic -27% move in silver, -9% in gold).