Goldman: Stocks enter “bubble territory”

Via Tony Pasquariello, global head of HF Sales at Goldman Sachs

The dominant narrative of the week was a return to trading COVID headlines, as the worst period for US case growth since April served as disruption for those expecting business-as-usual trading conditions this summer.

Along the way, stock operators absorbed another heavy dose of deal supply — adding to what will be a record month and record quarter for US new issue — with quarter end looming.¬† On the week, S&P lost 2.9%, although one can reasonably argue the market traded with decently thick skin.

There are 5433 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.