"We Fielded A Ton Of inbounds On The Explosive Move Higher": Goldman Shows The Reason For Today's Epic Market Melt Up

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by Tyler Durden
Friday, May 19, 2023 - 01:40 AM

It didn't take long for the market's latest extreme positioning imbalance to manifest itself in yet another double-dose serving of max pain.

Just one day after we warned that the continued market meltup has been a huge "pain trade" for hedge funds and institutions, who according to Goldman's Prime Brokerage continue to be positioned bearishly across the market, and specifically across cyclicals...