While market volatility has been the early watch word for 2016, a report from Goldman Sachs says don’t get excited, it’s all part of a trading range. The recent market rally? It is “about positioning rather than fundamentals,” the Portfolio Strategy Research piece stated, while noting the downside projection that the economy could be in the midst of a “third wave” correction. Goldman’s November 2015 prediction now looks optimistic During November 2015, when Goldman Sachs predicted a 2016 price target of 2100, the report seemed less than optimistic, particularly as the market started the month near 2109. But now sitting near…
Goldman Says We Could Be Entering "Third Wave" of Financial Crisis
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.