The S&P 500 and Nasdaq 100 lost 98bps and 338bps respectively last week however, as Goldman Sachs top trader John Flood notes, it felt far worse.
Goldman’s Meme Basket (GSXUMEME INDEX) lost another 679bps on the week (after being down -10.05% the week prior) and their Long Momentum Basket (GSCBHMOM INDEX) was down 403bps (after being down 858bps the week prior).
