Global equities were net sold for the 4th straight week, driven by both long and short sales (1.5 to 1).
Every region was net sold, led by Europe and EM Asia; but Goldman's trading desk notes that the USA bucked the trend of risk-unwinds.
Our data suggests that HFs have been “re-grossing” and adding back risk in US equities, as North America was the only region that saw an increase in gross activity this week.
