Premium"Calling Tops Is Hard": Goldman's Head Of Risk Says The Market Meltup Will Continue, But...
Back on April 7, just as the market bottomed amid relentless pessimism and one bank after another - including Goldman but really every single economic department on Wall Street - made a recession their base case, several traders spoke out against the conventional wisdom. Chief among them was Goldman's top trader, Josh Schiffrin (and as we remind readers on a daily basis, there is a a chasm of difference between the bank's sellside analysts and flow traders, who are among the best in the world) who had a simple message for clients: "I’ve been negative, but now I’m bullish. Time to start scaling in."
"I’ve been negative, but now I’m bullish. Time to start scaling in."
— zerohedge (@zerohedge) April 7, 2025
- Goldman head of risk and CSO, Josh Schiffrin