Central Banks

Goldman's Top Strategist Reveals The Two Biggest Risks To The Market Today

"We’ve also seen a growing allocation of retail and institutional money into “premium chasing” quant strategies, including, for example, ETFs that sell equity vol. I think many of these developments are positive, but the associated market structure remains largely untested. So I would not rule out the risk of a glitch that triggers, say, a 5-10% correction."

One Trader Urges "Extreme Caution"

"As to the central bank put, it’s true--in the big picture of things. They are paying close attention to price action, but their reaction function to step in isn’t as hair trigger. How many times do they have to signal that change?..."

Hillary 'Is' America

Psychologically, there’s nothing out of the ordinary about Hillary in contemporary America...