"We're In The 8th Inning Of Negative Technicals" - Goldman's Flows Guru Reiterates "Pain Trade Is To The Upside For Year-End"

With yields cratering this morning - ahead of The Fed - after slower than expected Treasury refunding schedule, weak mortgage data, weak jobs data (ADP weak, JOLTS meh), and weak (staglationary) manufacturiung ISMs...

...equity traders are excitedly BTFDing...