The momentum of systematic selling of U.S. stocks may be weakening, and the market is brewing a rebound rally.

Odaily · 2026-03-30T17:32:59+00:00

Kobeissi Letter indicates that the momentum of systematic selling of U.S. stocks may weaken. CTAs sold $85 billion worth of stocks in the past 30 days, the largest sell-off since the pandemic. Goldman Sachs expects CTAs to buy in the next month, suggesting potential for a rebound in the U.S. market.

Odaily

2026-03-30 17:32:59

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Odaily Planet Daily News reports that The Kobeissi Letter, in a post on the X platform, said that the momentum for systematic selling of US stocks may be weakening. Algorithm-driven funds, Commodity Trading Advisors (CTAs), have sold US stocks worth $85.0 billion over the past 30 trading days—this is the largest 30-day sales figure since the COVID-19 pandemic in 2020, when CTA sales were $105.0 billion. By comparison, the pullback from March to April 2025 resulted in sales of $80.0 billion. Currently, CTAs hold short positions in US stocks worth $37.0 billion, the third-highest level since 2019. Meanwhile, Goldman Sachs estimates that within the next month, regardless of market conditions, CTAs will be buying, as the market is brewing a rebound.

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