As Goldman trader Mike Washington writes, last week was a mixed one for US stocks, with tech sprinting higher, the S&P gaining, while small caps dropped (NDX +3.3%, SPX +1%, and RTY -1.2%), as investors looked to maintain a strong PnL into the final 16 trading sessions of the year. Long onlies and hedge funds both finished slight net buyers, with +$1b and ~$700m buy skews respectively.
The Goldman trading desk was most skewed to buy in Tech and Consumer, while Healthcare was net sold.
