In the near future, a major sell-off in stocks is likely on the part of many traders, as they hold long positions for an impressive amount, according to Goldman Sachs. In particular, commodity trading advisers (CTA) have accumulated securities for $129 billion - such volume will encourage them to sell regardless of what dynamics will show the market, Bloomberg reports the opinion of the bank's specialist Cullen Morgan.

Sales are expected next week - if the market grows, CTAs can sell shares for $10 billion, and if the market falls - for $42 billion. During the next month, according to the bank, in the case of negative dynamics the volume of sales will reach $226 billion, in case of growth consultants are likely to buy shares for $42 billion.

This year S&P 500 showed active growth due to the rally of shares of IT giants (Microsoft, Nvidia). The Nasdaq 100 has reached a 3-year high. However, according to Citigroup, due to the level of profits in the technology sector, averaging 5% per position, players may start taking profits, which will end the rally and turn the market around.