"A bearish equity trade is developing," warns Goldman Sachs flow of funds guru, Scott Rubner, in a note to clients this morning, adding that "this is the last bullish email that I will send for Q1 2025 as the flow demand dynamics are quickly changing, and we are approaching negative seasonals."
The US equity market is closed on Monday in observation of Presidents’ Day.
Option expiry is on Friday February 21st - this expiry may unclench the gamma.
