These Are The Most Crowded Longs And Shorts Across Sectors

Earnings kicked off last week with the big banks (JPM, WFC, MS) reporting a mixed bag (record equities trading, mediocre everything else, jump in loan-loss reserves) which continued with a similar picture from Goldman this morning. 

Adding to slowdown concerns, we got statements from prominent CEOs such as Jamie Dimon: “I expect more credit problems and recession is a likely outcome”; and Larry Fink: “most CEOs he talks to says we’re already in a recession.