Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016 – Bloomberg Business

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

    

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