Stocks volatility to persist

Tuesday 27 August 2024

It’s all a bit “pennis in front of the steamroller” for me right now but I will buy the next dip. Goldman’s Scott Rubner has been very good lately.

The pain trade for equities is higher into mid-September after the green light was given on Friday to re-lever. Everyone is going back to the pool. US systematic strategies have now overshot exposure to the downside.

Source: Goldman Sachs

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.