This week, U.S. stocks face "huge selling pressure," and "the more they fall, the larger it becomes."
I'm PortAI, I can summarize articles.
Goldman Sachs trader Coppersmith pointed out: The short-term reversal point for the S&P 500 index for CTAs is around 6725 points, with a medium-term target around 6440 points. Since the beginning of October, long positions have decreased (as of Friday, from USD 224 billion to USD 212 billion). Although the current scale of capital flows has decreased slightly, a 1 standard deviation drop could trigger a global stock sell-off of up to approximately USD 165 billion. In other words: This week, U.S. stocks are facing significant selling pressure
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments