November 17, 2017 | Daily JAM, Morning Briefing, Short Term |
Goldman Sachs released its seven top trade themes for 2018 yesterday, November 17. Investors and traders always receive Goldman’s trading ideas with a high degree of skepticism, knowing that the bank’s traders are perfectly comfortable trading against the expectations that these themes generate. And there’s also the belief that what Goldman is really interested in is not tradable themes but volatility.But still, I think yesterday’s release is an important market event–because Goldman is now the first big voice willing to break with the current market consensus that the Federal Reserve will raise interest rates just twice in 2018.
October 17, 2017 | Daily JAM |
Wall Street–and especially JPMorgan Chase CEO Jamie Dimon–may hate the crypto currency bitcoin. Dimon has promised to stop talking about bitcoin but he just can’t seem to help himself. Bitcoin is a “fraud” and people who buy Bitcoin are “stupid.” But that isn’t stopping Wall Street and big tech giants rom buying whole companies working on blockchain, the technology behind bitcoin
July 15, 2014 | Daily JAM, Morning Briefing, Short Term |
Despite better than expected second quarter earnings from big Wall Street banks Goldman Sachs (GS) and JPMorgan Chase, U.S. stocks have moved lower today on a Fed report that called valuations for biotechnology and social media “substantially stretched.”
July 12, 2014 | Uncategorized |
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May 9, 2011 | Daily JAM, Morning Briefing |
Goldman Sachs, the Wall Street giant, that predicted a sell-off in commodities—and certainly thereby helped create the sell-off last week that it had predicted—is now predicting a recovery.
