Top Goldman Trader Warns "We're Still Very Much In Adult Swim Territory"

As we detailed earlier, Goldman's Prime Broker data suggests that hedge funds bought the dip in North America yesterday (driven by single stocks purchases, largest 1day buying in 5 months).

By sectors we saw buying in tech + defensives (hcare, staples, utilities)

But, as top Goldman trader Brian Garrett warns in a brief note to clients this morning, "we are still very much in adult swim territory."

Authored by Tyler Durden via ZeroHedge August 6th 2024