After downgrading equities to neutral and upgrading bonds to neutral August 24, Goldman Sachs International Portfolio Strategy Research Group led by Christian Mueller-Glissmann has been reluctant to take on more risk as global growth and deflation concerns linger – despite a more dovish Fed. Goldman notes European and Japanese stock market / currency correlations at extremes, sends investor message In a note dated October 2, the research team notes that equity market / foreign exchange correlations are at extremes in Europe and Japan. This might indicate that weaker currencies would provide a boost to equities and also points to the…
Goldman Likes Stocks In Europe, Japan Over Next Year
Mark Melin
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.