# Goldman Sachs (GS) strategist John Flood says that U.S. stocks could see a short-term drop.

*business · news · 2026-04-29 · Markets Insider*

## Key points

- Commodity trading advisers have shifted from buying to holding, reducing new positions by $21 billion.
- Pension funds are expected to sell over $25 billion in stocks during month-end rebalancing.
- This month's anticipated pension selling could mark one of the biggest monthly selling events in decades.
- Hedge funds have reduced both long and short positions, resulting in the slowest trading activity in 13 weeks.
- Recent stock gains have been concentrated in large tech stocks, increasing overall market fragility.

**Companies:** Goldman Sachs
**Countries:** United States

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/a-stock-pullback-may-be-coming-goldman-sachs-strategist-explains-why-1036076982)

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