Here a very advanced move for NFP in play for $GS.
We are tracking major highs and from a technical sense this is a screaming sell, the market is overbought in a downtrend... we can keep things simple here. Given the global growth scares and negative yields, the opportunity cost for holding
GS is not making it attractive enough for more allocations.
I expect NFP to trigger the highs in Equities via Fed this month, a massive leg to the downside is in play here for NFP / Fed combo.
Best of luck all those riding the pig.
We are tracking major highs and from a technical sense this is a screaming sell, the market is overbought in a downtrend... we can keep things simple here. Given the global growth scares and negative yields, the opportunity cost for holding
GS is not making it attractive enough for more allocations. I expect NFP to trigger the highs in Equities via Fed this month, a massive leg to the downside is in play here for NFP / Fed combo.
Best of luck all those riding the pig.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.