Risk Asset Pulse (@risk_asset_pulse)
Goldman Sachs Panic Index posts third-largest decline on record
Goldman Sachs' Panic Index recorded its third-largest decline in history last Thursday, signaling a sharp shift in market stress conditions.
A large decline in the indicator suggests that the elevated fear or defensive positioning captured by the index eased rapidly during the session.
The magnitude of the move is historically unusual, although the signal should be considered alongside price action, volatility and broader positioning indicators.