Goldman Sachs Abandons Five of Six 'Top Trade' Calls for 2016
- New York bank closes bet on dollar strength versus euro, yen
- Divergent-rates policy still favors greenback, Himmelberg says
Goldman Exits Five of Six Top Trading Recommendations
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Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the year.
The dollar versus a basket of euro and yen; yields on Italian bonds versus their German counterparts; U.S. inflation expectations: Goldman Sachs Group Inc. was wrong on all that and more.