Buy the dips! No. Sell the rips!

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Goldman is permabullish but sometimes short term it can be useful:

Here are the three questions most asked of the Goldman trading desk as we enter week five of the 2022, along with Rubner’s answer.

I. What is the current market consensus on week 4 into the snowy weekend?

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.