Goldman Traders See Record Fast-Money Heading Into US Stocks

For equity bulls searching for the next catalyst to drive the market higher, Goldman Sachs Group Inc. traders have a message: watch for record buying from algo-driven funds.

The so-called systematic investors are poised to deploy a record amount into US equities after slashing exposure to multiyear lows during the recent Iran war-driven selloff. Commodity Trading Advisers, which make up the so-called fast-money cohort and typically follow price trends rather than corporate performance, sold about $48 billion of S&P 500 futures over the past month, according to Goldman’s trading desk.