Goldman Sachs said that investor positions have increasingly turned defensive, and its sentiment index fell to the 46th percentile, the lowest since April. Investors are turning to bonds, gold, and yen, while the Momentum ETF saw an outflow of $5.1 billion in September. The key conclusion is that if market sentiment changes, strong investor confidence combined with safe-haven positions may amplify market fluctuations.

Zhitongcaijing · 2d ago
Goldman Sachs said that investor positions have increasingly turned defensive, and its sentiment index fell to the 46th percentile, the lowest since April. Investors are turning to bonds, gold, and yen, while the Momentum ETF saw an outflow of $5.1 billion in September. The key conclusion is that if market sentiment changes, strong investor confidence combined with safe-haven positions may amplify market fluctuations.