Goldman Trading Desk ‘9.5 Out of 10’ on Activity Level Amid Rout

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Goldman Sachs Group Inc.’s trading desk has seen a level of activity on Thursday that’s practically “unheard of” apart from stock-market rebalancing days as clients dumped equities after President Donald Trump’s tariff announcement.

It’s the busiest day for the desk since the emergence of Chinese AI startup DeepSeek rattled global markets in late January, John Flood, a Goldman partner and trading specialist, wrote in a note to clients.