'Selloff Feels More Technical Than Fundamental' But Goldman Trader Sees Growth Scare Narrative Rising

Yesterday’s price action capped off a tough four day period for US equities and the ultra US economic bulls. 

Top Goldman Sachs trader William Hosbein points out that for now, the selloff feels more technical/seasonal than fundamental, but fears of an economic slowdown are beginning to surface.

What follows from here is a checkdown on recent price action and a trade idea for next week