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'You Are Here' - Seasonality & Hedging The Momentum Tantrum

Business July 11, 2025

Since Goldman suggested hedging the “wrong side” of a momentum tantrum with exposure (spot or options) to Small Caps, the Russell 2000 is up, significantly outperforming the other majors (before this morning's plunge)...

you are here seasonality hedging the momentum tantrum

Top Goldman trader Brian Garrett noted that the team had received a lot of push back on the idea, but added that if you are bearish or underweight small cap stocks, you are very much consensus.

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via July 11th 2025

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