Goldman Sachs takes losses on US dollar longs via ForexLive

Goldman Sachs stopped out Markets have started out this week by aggressively de-risking, apparently owing to fears that the recent slowdown in global growth could descend into recession. Over the past five trading days, the S&P 500 is down over 4.5%, while 10-year Treasury yields have fallen by 22bp, ending yesterday at 1.75%. WTI oil prices declined 5.8% over this same period, but oil appears to have shifted out of focus this week. Rather, the focus has shifted to the financials sector, both in equity and in credit, where rising concerns about global growth suggest diminished prospects for earnings growth.

posted via ForexLive