Today is the busiest trading session on Goldman Sachs trading desk since 'DeepSeek Monday' (1/27) with top trader John Flood noting that his desk is a 9.5 out of 10 in terms of activity levels.
Would not be surprised to see close to 20b shares trade across all US equity exchanges today, which is unheard of away from rebal days (ytd avg is 15b shares).
Heaviest supply on our desk is from Asset Managers (pre mkt was heaviest I have seen since Covid) and is highly concentrated in tech and fins.
HFs also selling banks long and are re-shorting macro products (last night, pre mkt, and right now).
