Algorithmic Funds Pressure US Stocks With Selling

Goldman Sachs says trend-following algorithmic funds (CTAs) are likely to remain net sellers this week, potentially triggering about $33 billion of US equity sales and up to $80 billion over the next month if the S&P 500 falls below 6,707. The firm reported a Panic Index of 9.22; thin top-of-book liquidity and short-gamma dealer positioning could magnify intraday volatility.