Premium"Cracks Are Appearing" - Goldman Trader Warns S&P Is "No Longer Telling The Story" Of Global Market
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
The S&P 500 is no longer telling the story of “global markets”, warns Goldman Sachs trader Brian Garrett in a brief note to clients over the weekend.
Furthermore, he adds that with concentration levels where they are, it’s hard to tell when (or if?) it will again...
In the following charts, Garrett highlights that dramatic decoupling between US (realized and implied vols) compared to the rest of the world's marksts...