Morning Bid: Goldman Sachs adds another layer of stress – Reuters

Morning Bid: Goldman Sachs adds another layer of stress – Reuters

A look at the day ahead from Julien Ponthus.

For all the turmoil across financial markets yesterday, the Nasdaq creeping dangerously near correction territory and closing below a key 200-day moving average probably came as the least surprising feature for investors.

After all, dumping expensive tech and growth stocks when bond yields rise as the Federal Reserve embarks on an interest hike cycle is seen as basic stock market trading 101.