Goldman Sachs trader says selling pressure on US stocks still persists

Goldman Sachs' trading department stated that the US stock market may face more selling pressure from trend following algorithmic funds this week. The S&P 500 index has triggered a short-term selling point, and commodity trading advisors (CTAs) expect to maintain net selling over the next week. Goldman Sachs predicts that if the stock market falls, it may trigger a sell-off of about $33 billion this week, and if the S&P 500 index falls below 6707 points, there may be a systemic sell-off of up to $80 billion in the next month. In a stable market situation, CTA expects to sell approximately $15.4 billion worth of US stocks this week, and even if the stock market rises, it may still sell approximately $8.7 billion.