CTAs Sell $33 Billion in Global Equities, Including $14 Billion US, Largest Since August 2023: GS Morgan

CTA/trend followers have sold $33 billion of global equity in the last week, including $14 billion in the US market, according to Goldman Sachs (GS). This recent selling spree is the largest since August 2023 and ranks in the 97th percentile compared to the past five years, as noted by GS Morgan. Despite this, CTAs are still modeled long $99 billion of global equities, which is in the 75th percentile. Systematic funds have offloaded more than $130 billion of global stock bets in recent weeks, indicating a significant shift in market dynamics.