I’ve always been wary of group-think projections of the future. Man, did GS get this wrong. -Jeff
Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the year.
The dollar versus a basket of euro and yen; yields on Italian bonds versus their German counterparts; U.S. inflation expectations: Goldman Sachs Group Inc. was wrong on all that and more.
Read the entire article: Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016 – Bloomberg Business
