Trades For An Uncertain Set-Up; Goldman Highlights What You Like (And What They Like)

The set-up for markets into 2026 has become more abstruse than investors would have liked.

As Goldman Sachs Abel Elizalde of the MarketStrats team notes, long gone are the days when investors simply needed to watch Fed cuts (on auto pilot) fuel dollar weakness and lead to high conviction in carry (and of course equities).

Of all of these, only equity longs remain more highly convicted.