| Hefty stock market plunges this year have not been justified, according to commodity analysts at Goldman Sachs, who are urging clients to short gold which has found favor during this period of fear and volatility. "Systemic risks from oil, China and negative rates are very unlikely," a team at the bank, led by Jeffrey Currie and Max Layton, said late Monday.
"Banks have ample liquidity to maintain funding against higher capitalization, the negative macro impacts from low oil prices have likely already played out and are not systemic while the spillovers from China are limited and the U.S. is far from recession."..............................................Full Article: Source
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