Goldman traders say phones ‘ringing off the hook’ as AI selloff deepens

The notable signal here is the gap between engagement and conviction: heavy inbound inquiry paired with thin buying suggests clients are seeking orientation rather than acting on it, a posture that can prolong a drawdown by starving it of dip-buyers. Flood's comparison of a frantic Wednesday to a quieter Thursday implies the selling impulse may be shifting from execution to deliberation, though the absence of genuine buyers leaves the market without a natural floor. Whether that inquiry converts into demand, or into further de-risking, is the open question.