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Friday, March 29, 2024

GS Is The New Market Windsock

Courtesy of Tyler Durden

Now that the AIG Volkswagen has imploded, the market is gauging the wind’s direction by much more solid, and moderate beta names, like Goldman Sachs. It is somewhat fitting the GS is now the proxy for the entire US equity capital markets. 

In the meantime, HFT tentacles are probing near and far to uncover the next garbage company or sector which to run up then leave hanging, especially since Flash trading is now out on BATS and Nasdaq, so quant funds are scrambling to generate their revenue quota for the year asap.

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