Goldman sees nothing 'sinister' ahead like past times market volatility reached these kinds of levels

Global markets reached levels of turbulence rarely seen this week, but traders at Goldman Sachs are unfazed and don't believe it's a sign of a big danger lurking. The S & P 500 and Dow Jones Industrial Average suffered Monday their biggest one-day declines since 2022. The market then roared back with the S & P 500 posting its biggest gain since 2022 on Thursday.

And after the late-week comeback, the S & P 500 is only down for the week by about half of a percent. .VIX 5D bar Wild week for VIX Goldman traders expect gains going forward, but they see the path higher as a "choppy" one. JPMorgan traders echoed this sentiment in a note Friday. "At this stage, we have seen a functional correction but we have not seen the wash out in positioning that accompanies a correction," JPMorgan's trading desk wrote.

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