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Are The Markets Right To Worry? Goldman Top Trader Says "Yes, To A Point"

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by Tyler Durden
Saturday, Sep 14, 2024 - 07:45 PM

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Heading into the last week, there were a few open questions on the table that stock operators were weighing and balancing: 

i. would Japanese assets face another post-payrolls dislocation?

ii. would the US Presidential debate matter to price action?

iii. would stock operators revise lower their high expectations for H2’24 earnings?

iv. most important, would the markets further discount the risk of a slowdown in US economic growth?

Goldman Sachs head of hedge fund coverage, Tony Pasquariello, quickly summarizes the outcome of a roller-coaster week and whether it answered any of those questions: 

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