Goldman Sees The Largest Hedge Fund Net Selling In A Decade Amid 'Growth Downgrade'

"Boy the past 2 days were quite eventful," says Goldman trader Nelson Armbrust in a quick note to clients today that highlighted the somewhat shocking level of selling and de-grossing occurring in the hedge fund community currently.

Yesterday our floor was a 7 on a 1-10 scale in terms of overall activity levels. 

Our floor finished -190bps net sellers vs +50bps 30 day avg.