Goldman Sachs stock price is up over 40% since the election of Donald Trump...
Surpassing its record highs from October 2007...
And as that share prices has soared, insiders have been dumping their holdings...
However, Goldman's credit risk has hardly budged during this melt-up period of insider-selling.
..
Goldman's earnings expectations have risen during this period, but the decoupling is still remarkable...
So we ask - what do Goldman credit traders (and insider sellers) know that stock investors don't?
The last time Goldman stock was here, credit risk was 65bps lower.
