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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