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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs: Correction has room to run, but bear market 'remains unlikely'Goldman Sachs: Correction has room to run, but bear market 'remains unlikely'
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman Sachs: Seven takeaways from the market sell-offGoldman Sachs: Seven takeaways from the market sell-off
Source: Investingcom - 🏆 450. / 53 Read more »

Market correction has more room to run, says Goldman SachsGoldman Sachs strategist Peter Oppenheimer said the correction is stabilizing but not yet over.
Source: CNBC - 🏆 12. / 72 Read more »