"Worst Day Since 2022": Wall Street's Top Traders Explain Why Momentum Suddenly Blew Up, And What's Next

Ever since mid-2022, they ruled markets with an iron fist, and a sharpe ratio that would make Bernie Madoff and  Warren Buffett blush. Today, however, it all came crashing down as momentum traders suffered losses for the history books. 

 As we touched upon earlier, Goldman's “high beta” or