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Goldman Trader: "SPX Is Not Telling The Whole Story"

Tyler Durden's Photo
by Tyler Durden
Thursday, Jul 11, 2024 - 05:05 PM

Goldman Sachs trader Brian Garrett warned that this mornings' trading is yet another example of how "SPX is not telling the whole story".

Simply put, he states, single-stocks are priced for an up-crash, the index is not.

As the Goldman MD details, it is no secret that single stock implied volatility trades higher than index volatility (decades of vol dispersion PMs agree)

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