Our Favourite Goldman Indicator Is Back: Now The Most Stretched Since 2024
A collection of potentially bearish charts
One Goldman indicator has consistently earned our respect over the years. It just exploded back into stretched territory. Does it guarantee a correction? Of course not. But it triggered us to once again identify the most bearish charts we could find from a positioning and valuation perspective. Is it the most convincingly bearish piece we have ever written? Far from. Is it cherry-picking and one-sided? For sure. But we still respect the charts. And it is, as always, up to everyone to draw their own conclusions. On a more personal "contrarian to yourself" note: we struggled to write this as a convincing bearish piece. That realization itself actually made us more nervous.