Goldman Sachs' Nelson Armbrust flags significant S&P 500 correlation shifts and unwinding of macro short hedges, warning of altered market dynamics for investors.

Goldman Sachs' Nelson Armbrust flags significant S&P 500 correlation shifts and unwinding of macro short hedges, warning of altered market dynamics for investors.

Goldman Sachs' Nelson Armbrust warns S&P 500 correlations with macro assets hit decade lows, recommending hedging despite bullish equity flows of $6.5B daily.