S&P Less Than 1% Away From Gamma Slingshot Higher

Over the weekend, we presented readers with a chart from Goldman's Prime Brokerage division, which showed that while hedge fund net leverage had dipped in recent weeks amid the market's wild gyrations (if not so much at the end level, then certainly at the thematic level, below the surface), gross leverage had soared to such record highs that even Goldman's traders joked that the gross leverage line had gone "thru the chart."

Also all you need to know what happens next https://t.co/Tg1udo94uN

— zerohedge (@zerohedge) October 26, 2025