Yesterday the Goldman trading desk was dead quiet as traders were frozen despite the market rout... today, as the rout extends, Goldman trader John Flood writes that the bank is "slightly busier seeing risk cut around the edges from both HFs and L/Os." Meanwhile, as we noted last night, CTA selling is intensifying post yesterday’s weak close with $39b of US equities set to be sold over remainder of this week at current market levels.
As shown below, the S&P 500 has officially given back all gains since election losing $3.4T of value...
