Goldman Sachs say US stock could fall another 6% on Ukraine

GS cite “Outright conflict” in Ukraine coupled with “punitive sanctions” could push U.S. stocks 6% lower from Friday’s close.

  • with worse losses seen in Europe and Japan

Info comes via Bloomberg, the report adds:

  • With geopolitical upheaval notoriously hard to trade, Goldman strategists are basing their calculations on the recent sensitivity of global assets to the ruble, according to a note Monday. Worst-case scenario, a 10% decline in the Russian currency would push oil up 13% and cause a 27-basis-point decline in benchmark Treasury yields, they said.

Link to Bloomberg is here, gated.

You can keep track of SPX movement using the ForexLive charts, link here.

spx chart forexlive 22 February 2022


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