<p>Buy the opposite of Goldman Sachs, and you'll have a villa by the sea.</p>

SPDR S&P 500

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S&P 500

VG S&P 500

<p>In the past month, the S&P 500 index has fallen by a cumulative 5.8%, marking its worst monthly performance since December 2022. During the same period, CTAs sold off $55 billion, and asset managers reduced their S&P 500 positions by $51 billion. The deleveraging by institutions stands in stark contrast to the influx of retail investors into passive funds. Goldman Sachs notes that the scope for further institutional selling is limited, and a window for a technical rebound may be opening, with geopolitical factors remaining a key driver of the market</p>

- The U.S. market is experiencing a wave of deleveraging, with the S&P 500 Index down 5.8% over the past month, marking its worst performance since December 2022.  
- Goldman Sachs analysts note that significant selling has occurred, including $55 billion worth of U.S. stocks by CTAs and a $51 billion reduction in S&P 500 positions by asset managers, while cautioning against shorting the market due to the risk of a short squeeze.  
- Despite firms deleveraging, retail investors remain resilient, pulling back only 1% and shifting funds to passive investments, while geopolitical tensions continue to influence market dynamics.