Goldman Flows Guru Warns The Market Meltup Ends In 5 Trading Sessions

Ten days ago we informed readers that the November market meltup - which so many experts said would not happen - has largely been a function of a historic buying spree by trend-following algos (i.e. CTAs), which according to Goldman had bought nearly $70bn of US equities in ten days, the largest 10-day buying Goldman has on record...

... to which we then added two weeks of record stock buybacks (a spree which end in just over ten days, on December 8, when the next blackout period begins)...