Goldman Sachs Position Indicator showing Extreme Light Positioning!

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It’s not positive for the stock market. Possibly very bad.

The Goldman Sachs indicator relative to the S&P 500 SPDR is pointing down, which means that GS stock is weaker than the overall market.

That happens when investors are not bullish on the business prospects of securities firms that depend on capital markets revenues.

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h/t InvstNOW

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