Surely there was “nothing nefarious” in that correction and it was only due to “technical” reasons, although one wonders just how the CAI line was at 0 in one chart, and the surprisingly reverted back to last month’s level unchanged, with no data point for the most recent date.
We doubt we will get an answer, although now expect Goldman to once again retroactively revise what the components of its CAI are, just to “goalseek” the narrative with one where the most important US bank does not suddenly admit a recession has arrived.