"It Does Feel Like The World Is Changing" - Goldman Macro Trader Sees "Busy 10 Days Ahead Of Us"

Authored by Bobby Molavi, Goldman Sachs MD, Macro Trader,

If the world revolves around one stock...well here is a thought...

Nvidia without much fanfare just sold off around 10% in a handful of days. How much of this is triple witching or index rebalancing we will see... but in a world of ever increasing narrowness and concentration...where 35% of ytd returns in the US have been driven by one stock, and 60% have been driven by a few more... then a move like this is a big deal...