Goldman Sachs Warns $50B CTA Sell-Off

Goldman Sachs' trading desk predicts CTA funds could sell up to $50 billion of U.S. equities as S&P 500 exceeds key thresholds.
Systematic investors bought nearly $80 billion of U.S. stocks in the past month, leaving CTAs long $44 billion, setting up potential reversal.
The one‑month shift is the second‑largest re‑leveraging since 2016, indicating rapid repositioning that could become a market headwind.