Goldman issues warning on how quickly market confidence has recovered from an August stocks slump

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.

"What's concerning now is how quickly the market has gone back to where we were before, and we can discuss that, but certainly that shows that we are sadly nearly back to the same problem we were at a month ago."Market participants are currently awaiting the release of a key U.S. inflation report to get a better picture on the health of the world's largest economy. U.S.

"What I find quite interesting is risk appetite is not back to where we were before and what actually happened is that safe assets — bonds, gold, yen, Swiss franc — they have actually not sold off," Mueller-Glissmann said.

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