"Why No Dip?" - Goldman Flows Guru Sees Buybacks & Big Hedge-Unwinds Supportive... For Now

Why no dip? 

There is a competition for dip alpha, and, as Goldman Sachs flow of funds guru, Scott Rubner notes in a brief note to clients, civilian investors have been pushing around institutional investors given the rally and inability to break lower in equity spot prices. 

My inbox has been super bearish