"Room For Relief": JPMorgan Traders See 'Rebound Possible' After Historic De-Grossing

Overnight we noted Goldman Sachs ETF desk pointing out that "this feels like a culmination of outright purchasers trying to find a bottom and potentially participants covering shorts," suggesting a possible tactical turning point in the recent tech wreck.

This morning, JPMorgan's trading desk reflected on the continuing pain with notable disparities under the hood (between Software, AI, and Momentum factors).