While last week was generally solid for the big indexes (SPX +147bps, NDX +290bps), there was a lot more pain below the surface, where conflicting undercurrents led to another week of confusion for most traders.
Over the weekend, Goldman's shares sales trading desk tries to make some sense of the action. It writes that on the Goldman desk, Long Only funds finished +$1.7b net buyers while hedge funds finished balanced on the week...
