Goldman trader Adam Crook has compiled the summary of the top weekly themes resonating with the bank's global clients at the moment as well as GS' own views/thoughts on the key market topics, coupled with the best and top trades recommended by various Goldman traders.
We start at the top.
1) Connecting you to GS: How much have Financial Conditions tightened recently, what is the impact on growth, are we at a tipping point where long-end moves will constrain further Fed hikes + are we are approaching the inflection-point where growth concerns could stabilise bond markets? What are the risks around a further OPEC+ cut driving oil another 20% higher? Should we be worried about BTP spreads + European Sovereign risk again? Holding USDCNY fix at 7.17, against a backdrop of a strengthening USD, is causing CNY to appreciate on a Trade-Weighted basis – How long can this persist + can we expect more volatility after.
