In his latest note, Goldman floor trader Adam Crook summarizes the themes resonating with global clients at the moment, as well as Goldman’s views/thoughts on the topics and the bank’s favorite trades. Below we excerpt the key highlights; as usual there is much more in the full note available to pro subscribers.
1) The five top questions around the Goldman trading floor:
Is anyone buying bonds at this level, are valuations now attractive or is there a risk of another big level adjustment?
Did the BOJ/MOF intervene in USDJPY last week + how has the market reacted to the sharp move lower after the break of 150?
How much has the market de-risked in Equities + are we now primed for positive seasonals to take over?
Should we worry about bank failures and/or credit contraction again with back-end rates selling off, and what signals are you watching from earnings season?
Was last week’s sell-off in Oil just a position-unwind + do we still envisage a move higher to $100?
