Posted 1/22/2024, 4:05:00 PM
Goldman Cuts Stock Holdings As Cautious Mood Tempers Market Rally
- Market rally to new highs lacks enthusiasm; hedge funds not adding long positions and mutual funds seeing outflows
- Goldman Sachs has been "harvesting its balance sheet equity portfolio", basically selling its stock holdings
- Goldman sold 25% of portfolio in 2021 and 43% in 2023 - should this be a warning sign?
- Market opportunity balanced, risks symmetrical currently - things could go either way
- Upcoming options expiration important to watch to see if stocks sell-off or if FOMO rally continues