Steven van Metre: They are dumping stocks March 23rd, 2026

Market Warning: CTA Machines Set to Sell Heavily Next Week

The video's host (Steve) breaks down reports from Goldman Sachs and Bank of America warning that algorithmic trading systems (CTAs — Commodity Trading Advisors) are poised to continue selling across multiple asset classes.

Key Points:

• Equity selling pressure — CTAs have already sold ~$80B in global equities over the past month, with another $70–100B in selling expected in the coming week. Both fast and slow CTA models are shifting toward net short equity positions.
• Critical price levels to watch:
  • S&P 500: ~6,512 (already broken); next key Goldman long-term level ~6,400
  • NASDAQ 100: 24,057
  • Russell 2000: ~2,420
• Everyone is selling — not just CTAs, but also hedge funds (operating at ~215% gross leverage), dealers (near historically low gamma levels, forcing them to sell into drops), and large asset managers reducing long futures exposure.
• Gold & Bonds — Gold trigger levels at $4,496 and $4,386. Bond markets are also under pressure, with CTAs potentially already short the 2- and 5-year.
• The dollar wildcard — A breakout in the DXY (dollar index) toward 103–104 could accelerate the market downturn, given the inverse correlation between the dollar and equities.
• His trade recommendation — Short the broad market (e.g., via the SH ETF), short bonds, and potentially go long the dollar. He advises cutting equity exposure to have cash ready to buy a future dip.

Bottom line: The setup, according to the host, points to a deeper market sell-off driven by systematic machine flows, with few near-term catalysts to reverse the trend.