[Goldman Sachs Trader: U.S. Stock Market Stabilizes in December] Goldman Sachs' trading division stated that although the S&P 500 Index may remain flat in November, reduced volatility, improved market breadth, and trend-following strategies shifting to the buy side have made the market outlook clearer. Goldman Sachs' Lee Coppersmith noted that the five-day average of the number of advancing and declining S&P components had dropped to -150 at the beginning of the month but rebounded to +150 before Thanksgiving, indicating that market pressure has partially eased. Goldman Sachs' Volatility Fear Index is currently around 5, lower than the early November peak. Systematic strategy positions have been reset, with approximately $16 billion in S&P-related sell-offs over the past month, and net buying in December is expected to reach approximately $4.7 billion. Coppersmith stated that this provides a cleaner starting point for December.
--
Loading...