---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39175640.md"
description: "Goldman Sachs and JPMorgan Chase have both issued warnings, with the rebound in the U.S. stock market unable to conceal underlying crises. Goldman Sachs' model indicates that a surge in volatility has triggered CTA risk control mechanisms, leading systematic funds to engage in a comprehensive net sell-off over the next week, regardless of market direction. The scale of this sell-off may reach a historical extreme. If the S&P 500 falls below its medium-term pivot support, it could trigger a new wave of selling. Meanwhile, market makers' negative Gamma exposure is amplifying volatility, with liquidity depth approaching the low levels seen on 'Liberation Day', pushing the market into a high-risk zone."
datetime: "2026-03-10T12:51:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39175640.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39175640.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39175640.md)
author: "[HankXie](https://longbridge.com/en/profiles/19805630.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39175640.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39175640.md)


# Goldman Sachs and JPMorgan Chase have both issued …


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