Worst of market selloff might be over but hold on tight, Goldman says

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Global Markets Nouvelles

Tony Pasquariello,Goldman Sachs,Pasquariello

After a turbulent week in global markets, the worst of the selloff might be over but investors need to 'keep the reins tight on big directional bets for now,...

After a turbulent week in global markets, the worst of the selloff might be over but investors need to "keep the reins tight on big directional bets for now," Goldman Sachs global head of hedge fund coverage Tony Pasquariello said. In a client note issued on Wednesday seen by Reuters, Pasquariello called the week's moves in the market since Friday "a global margin call" and laid out where the markets are possibly headed from here.

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