Tony Pasquariello, the head of hedge fund coverage at Goldman Sachs, has advised investors to cut portfolio risk. Pasquariello highlighted that while it is currently a bull market, the probability of a drawdown is increasing. He noted that historical patterns indicate the risk of a selloff increases as market rallies narrow. Pasquariello recommended looking for opportunities to reduce overall portfolio risk as the market navigates the next phase of economic and political developments.
1/ GS Head of Hedge fund coverage: “It’s a bull market, but the probability of a drawdown is rising. So I would look for places to reduce overall portfolio risk as we navigate the next phase of the political game”. https://t.co/m6Is87Qj2H
Goldman’s Hedge Funds Head Says It’s Time to Cut Portfolio Risk (Bloomberg) https://t.co/Q0LbCOppiT
"The probability of a drawdown is rising. “So I would look for places to reduce overall portfolio risk." --Goldman Sachs https://t.co/AsDfEOyEZl #economy #EconomyNews #EconomyMonetary #BankingCrisis #inflation #OOTT #fintwit https://t.co/NpaZlBWjZi
OOP! Goldman hedge fund chief Tony Pasquariello says it's time to cut portfolio risk. “It’s a bull market, but the probability of a drawdown is rising,” Pasquariello says. “The history book tells us the risk of a selloff increases as the rally narrows,“ he warned: 'To be sure,… https://t.co/9QP9EFxSZq
Goldman hedge fund chief Tony Pasquariello says it's time to cut portfolio risk https://t.co/KSBqOPM4rI