Goldman Traders Say Market Enters December With ‘Cleaner’ Setup
Market Intelligence Analysis
AI-PoweredGoldman Sachs analysts believe the market has a 'cleaner' setup heading into December, citing improved market breadth and volatility metrics, as well as a reset in positioning among systematic strategies.
Market impact analysis based on bullish sentiment with 82% confidence.
Article Context
Market breadth, measured as the five-day average of S&P advancers minus decliners, collapsed earlier this month to minus 150, indicating “a pretty bad damage beneath the surface,” Goldman’s Lee Coppersmith wrote in a note to clients. Goldman’s Volatility Panic Index is telling a similar story. Positioning among so-called systematic strategies has also reset.
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