Goldman Sachs warns trend following hedge funds could sell up to US$42bn over next month

The note from Goldman Sachs, published on Friday, comes via Reuters. CTAs (commodity trading advisers) are the trend-following hedge funds GS is referring to here:

• could sell between $20 billion and $42
  billion in U.S. equities over the next month if the stock market
  continues to retreat
• S&P 500 below 5,135 points “would flip short-term trend
  from more positive to negative” among trend-following hedge
  funds, triggering equity sales

More at that link above.

This article was written by Eamonn Sheridan at www.forexlive.com.