GOLDMAN: U.S. PENSION FUNDS SET TO SELL $33 BILLION IN STOCKS

Goldman Sachs estimates $33 billion in U.S. pension fund equity selling around September month-end, a flow ranking in the 98th percentile since 2000.

Meanwhile, systematic CTAs could provide an offset, buying $11.5 billion globally in flat markets or nearly $30 billion if stocks rise.

If markets fall, however, CTAs could flip to $15.8 billion in additional selling.
(@WalterBloomberg)