Everything’s still getting hammered, though markets are off their lows somewhat.
A possible surprise? Goldman Sachs is solidly in the green.
Why?
Our best guess it that it’s rising for the same reason everything else is falling: folks are liquidating their winners in favor of cash. In this case, Goldman shorts have had a nice ride, and are taking profits to get into ever-strengthening US dollars.
If you have a better idea, let us know.
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