Goldman Sachs analyst warns of stretched markets as institutional flows turn negative
Goldman Sachs strategist John Flood warns U.S. equities may be vulnerable to a near-term pullback as market positioning becomes stretched and institutional flows shift from supportive to negative. The change in flows could remove a key tailwind, increasing downside risk and near-term volatility for major risk assets and equity ETFs tied to the S&P 500. Related indexes and ETFs (S&P 500, SPY, VOO, Nasdaq measures) showed declines on the session, underscoring the potential for broader market weakness if institutional selling persists.