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GOLDMAN SACHS: A formerly controversial and widely criticized trade is making a big comeback — here’s how you can profit before the window closes

“Goldman’s ultimate point is that opportunity awaits those brave traders willing to short volatility heading into year-end” writes Joe Ciolli for businessinsider.com. What that’s done is open up an opportunity to buck popular convention and — wait for it — short volatility once again, the firm says.That erased billions of dollars from wildly popular investment products used to short volatility.Then, in the aftermath, as investors started creeping back into the trade, they once again denounced the trade.That was in February, when a market shock caught traders off guard, forcing them…

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Goldman’s top cybersecurity official says he spends too much time talking to regulators

“He suggested government officials could do a better job of organizing a standardized response, and that industry could take the lead in pushing a standard” writes Kate Fazzini for cnbc.com. Governments could do a better job of streamlining these many different and sometimes competing interests, he said.He’s one of the most influential voices in financial services cybersecurity, and served as Assistant Secretary for Cybersecurity and Communications for the Department of Homeland Security before taking the top security job at Goldman.Too many different regulations are hampering companies’ ability to deal with…

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Goldman Sachs: As long as consumers keep shopping, there’s hope for the economy

“For a market that’s become increasingly jittery over the U.S. economy, Goldman Sachs has a message: All is not lost” writes Javier E for cnbc.com. “Three of the key drivers of consumer spending send a positive message for the near-term outlook,” the bank’s analysts wrote.November’s jobs data released on Friday showed lower-than-expected payrolls growth but wages growing at the fastest rate in nearly a decade.”First, real disposable income is likely to continue its strong growth due to accelerating wage growth, and recent declines in the oil price are likely to…

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I worked on the trading floor of Goldman Sachs for years. Here’s why I became a nerd to survive on Wall Street.

“There is no question that exciting technology is being created all over Wall Street, but most front office professionals are removed from it” writes Junta Nakai for businessinsider.com. Automation has started to move into areas of sales & trading that would have seemed impossible only a few years ago.Technology is a great democratizing force on Wall Street and is forcing management teams to rethink their sales and trading businesses. Source: businessinsider.com Share This:

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Chat-Service Firm Slack Taps Goldman Sachs to Lead IPO

“Other IPO hopefuls include apartment-rental service Airbnb Inc, analytics firm Palantir Technologies and Stripe Inc, a digital payment company” writes Min Read for reuters.com. On Thursday, biotechnology company Moderna Inc MRNA.O braved market volatility and sold around $604.3 million in shares in its IPO.The San Francisco-based company is among a string of Silicon Valley unicorns expected to debut in the stock market in 2019.It is unclear how market turmoil fueled by the escalating trade tensions between the United States and China could impact Slack’s IPO plans. Source: reuters.com Share This:

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Exclusive: Chat-service firm Slack taps Goldman Sachs to lead IPO – sources

“Other IPO hopefuls include apartment-rental service Airbnb Inc, analytics firm Palantir Technologies and Stripe Inc, a digital payment company” writes Midwest Communications Inc for 95kqds.com. On Thursday, biotechnology company Moderna Inc braved market volatility and sold around $604.3 million in shares in its IPO.The San Francisco-based company is among a string of Silicon Valley unicorns expected to debut in the stock market in 2019.It is unclear how market turmoil fueled by the escalating trade tensions between the United States and China could impact Slack’s IPO plans. Source: 95kqds.com Share This:

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GOLDMAN SACHS: Options traders are signaling that these areas of the market will surge in 2019

“Specifically, they’ve looked at the asset moves being implied by the options market and identified the segments of the market most likely to surge in 2019” writes Joe Ciolli for businessinsider.com. With that said, the chart below outlines the ETFs for which the options market is signaling the biggest increase in one-year forward implied volatility, relative to one-year realized price swings.But the derivatives team at Goldman Sachs has gone through the unique step of looking at options trading, which offers a direct reflection of investor positioning.The firm also assessed which…

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Goldman should boost reserves for 1MDB fines, analysts say

“Goldman Sachs may need to boost its legal reserves by as much as $1 billion to prepare for potential penalties related to its dealings with the Malaysian sovereign wealth fund 1MDB, analysts said” reports nypost.com. UBS analyst Brennan Hawken wrote in a note that expectations for potential fines typically range from the $600 million banking fees Goldman earned from 1MDB transactions to the $2.5 billion sum embezzled from the funds.Goldman may not have to bolster reserves until it is clear fines will be imposed and it may not want to…

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Goldman Sachs just got very bullish on garbage because it’s afraid the economy is rolling over

“Garbage stocks may be the key to success in a sluggish economy, and Waste Management “should be a core holding in every portfolio,” according to Goldman Sachs” writes David Ryder for cnbc.com. The $40 billion garbage and recycling company’s stock has outperformed the broader market this year and proved to be a reliable bet amid growing volatility.”Given the age of the current business cycle and expectations for slowing economic growth, we believe now is the right time to own waste stocks,” analyst Brian Maguire wrote to clients. Source: cnbc.com Share This:

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