Goldman: Retail Investors Are Blowing Out Of Stocks "Which Is Incredibly Rare Early In The Year"

It has been another ugly day for stocks but nowhere near as ugly as yesterday, when we saw Momentum implode with Goldman's Momo Pair (GSPRHIMO INDEX) plummeting a quick 250bps (at the same time the S&P Equal Weight was only down small as the generals got shot).

And as Goldman trader Mike Washington writes in his EOD wrap, there was "no real place to hide" with Semis (-2%), Software (-2.5%), and Megacaps (-2.6%) all down in tandem while the world's largest company, NVDA, continues to trade like a penny stock as it sold off -9% from pre-market highs (finished down -6%) on a sell-the-news reaction to Jensen's CES keynote.