Goldman: Stocks to correct - MacroBusiness
MacroBusiness Access Subscriber Only Content More grist for the growth scare mill from a new Goldman note: 11 point Checklist – Consensus client feedback for a quick equity risk reduction into potentially lower buy demand into Jackson hole. The consensus feedback seems to be calling for a -5% correction, which really gets to -4%. This is a recap of the talking points about to hit your inbox this week. I think this morning’s rally gets faded as buy tickets are completed early in the day. “Selling rallies” is the new dynamic vs. buying dips. 1. Weak Seasonals – Since 1928, we just e...
Source: macrobusiness.com.au