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Goldman have named their top three long-short trades for the year ahead (many of you have likely read this already)
Goldman have named their top three long-short trades for the year ahead (many of you have likely read this already). The first sings a familiar song: Go long US equities and short Australian dollar. Given our forecasts for both assets, with an S&P year-end target of 1900, and a year-end AUD target v the USD of 0.85, we see scope for both legs of the trade to generate potential returns, the analysts said. GS say the second best long-short trade is long five-year Eonia/short five-year US Treasuries and number three is long US dollar/short Canadian dollar. There you have it... might be of interest to a few.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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