"I'm Turning Bullish": Goldman's Head Of Risk Says "Time To Start Scaling In"
This article is so good
it's for premium members only.
Does that sound like you?
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)
For much of the past 5 days, ever since the Liberation Day fiasco, markets have been desperate for some guidance and were hoping it would come from the White House. So far that has not happened (one notable fake news incident notwithstanding) even though the S&P has lost about $7 trillion in market cap in 3 trading sessions, hardly the stuff midterm election victories are made of.
So someone else decided to take the lead.
In an email blast to the firm's trading (not research) clients, Goldman Josh Schiffrin, perhaps the most important trader on the bank's desk who also doubles (or rather triples) as the bank's Chief Strategy Officer and Head of Financial Risk, said that whereas he had been "negative", he just turned "bullish" and "it's time to start scaling in."