Investors Have Plenty to Worry About as Market Clouds Gather
- Goldman says allocation to equities highest since tech bubble
- Concerns rise about Fed overshoot, bond yields, capital flows
This article is for subscribers only.
Just when you thought we were past the worst of it.
Markets were finally managing to rally after October’s tumble. The S&P 500 may have fallen 10 percent from its record to its worst levels in the month, but this week it logged three straight days gaining more than 1 percent. In the backdrop is a U.S. economy that is firing on all cylinders, as shown by Friday’s strong payrolls report.