The speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research at Goldman Sachs.
Speaking to CNBC's "Squawk Box Europe" on Wednesday, Goldman's Christian Mueller-Glissmann said investors could think about the early August stocks slump as something akin to "a warning shot."" linked to the Japanese yen pulled stocks off their record levels. The S&P 500 lost 3% on Aug. 5, notching its biggest one-day loss since 2022.. The S&P 500 has jumped 8% since Aug. 5, while the Dow Jones Industrial Average has climbed more than 6%.
Pedestrians walk along Wall Street near the New York Stock Exchange in New York, US, on Tuesday, Aug. 27, 2024.Asked where that leaves risk appetite for the coming months, Mueller-Glissmann replied, "What happened on Aug. 5 and around there was obviously a huge technical overreaction … so that was a buying opportunity."
"What I would say is the good news is while the S&P is back to where we were before, the complacency isn't. We're not at the same kind of extreme bullish sentiment and positioning."for a 60/40 portfolio, noted that a balanced portfolio performed "phenomenally" throughout a choppy month for markets. Yet, he cautioned that the recent buffer provided by bond markets may not be quite as reliable in the near term.
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »