"Memory Meltdown": Goldman Finds Fast Money Piled Into Nasdaq At The Top... And Asset Managers Haven't Blinked Yet

Every selloff has a bagholder. Goldman just told us who's holding this one, and who could be next.

With the CXMT shock now in its fourth session, Korea's Kospi crushed and Kioxia crashing, Goldman's Robert Quinn went looking for the damage in the Nasdaq futures market. In his note "Nasdaq Futures: Memory Meltdown" (available to pro subs), he lays out the scale of the hit:

A Trade That Tripled, Then Cracked