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And it’ll be tough to find a place to hide.
“With the S&P 500 close to all-time highs, stretched valuations and a lack of growth, drawdown risk appears elevated.”
So says Goldman Sachs Group Inc. Managing Director Christian Mueller-Glissmann, who highlights that selloffs in excess of 20 percent for major bourses occur relatively frequently and recently have been brought about by concerns of a global nature. With a possible Brexit, the U.S. presidential elections, and a Fed that appears committed to continuing to lift policy rates, this level of event risk is certainly on the table. Continue reading