"29 Shades" of Goldman Sachs Likes Energy Stocks, Not Energy

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Mark Melin
Published on
Updated on

Recent research note says overweight energy, telecom and technology, underweight financials, consumer stables and industrials With the stock market finally positive on the year – the S&P 500 high an all time new high, up 2 percent recently – and with “50 Shades of Grey” a top performing movie over the weekend, beating expectations, Goldman Sachs wrote “29 Shades of our allocation model,” highlighting what the investment bank likes and does not like in its equity relationships.   The position Goldman likes at this time is overweight exposure in energy, telecom and technology, with the dominate investment bank eyeing a…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.