Open the "selling" flood gates...

Can the very favored demand picture for equities now be changing, at least in the short term? GS trading desk: "Systematic supply will almost guarantee that we now have a heavy amount of supply ahead. There is still strong demand (buybacks, new month inflows) but the duration mismatch of supply vs demand is significant. Systematic supply is NOW, passive demand is slow and steady". Chart shows total estimated systematic macro length.