Where’s The Risk?
Consensus bulls saying the quiet part out loud: Goldman’s Privorotsky:
“Markets like the idea of lower rates and a narrow economy. Shedding labor so corporates can boost margins via automation means shareholders over workers, Wall Street over Main Street.
It’s not exactly a Goldilocks setup for the lower end of the K, but it’s close to perfection from the SPX’s point of view (so long as job cuts don’t turn into a growth scare).”
So without jobs data will the market just put blinders on? Color me skeptical, but I think the market should react eventually, so what’s on your list of risk triggers? Here’s mine: