"Concerns about financial imbalances might also rise. Asset valuations in some areas have risen to high levels by historical standards. And there are now some signs of speculative behavior in financial markets... Fed officials are therefore likely to view further easing of financial conditions as increasingly undesirable..."
"...the most dangerous place on the planet financially is now the Wall Street casino. In the months ahead, it will become ground zero of the greatest monetary/fiscal collision in recorded history."
From the "Yellen Call" to "globalization" and from "disruption" to "dumping", 2017 had it all and Goldman Sachs' annual 'themes'-driven crossword is just the ticket as the final few minutes of the trading year tick away...
The "Big Short" trade gained notoriety last February, when spreads for the BBB- and BB rated indices went through a massive widening, which continued at a steady clip until only recently.
Goldman Sachs warned on Friday that it expects a $5 billion hit to Q4 earnings as a result of tax reform signed by President Donald Trump last week, approximately two-thirds of which is due to the repatriation tax.
