Goldman Sachs Says U.S. Growth Will Come Down `Quite Materially'

The video discusses recent market shifts, highlighting disorderly asset movements and a sharp correction. It examines equity volatility's impact on credit and the unwinding of systematic investor positions. The discussion then shifts to the dollar's role as a safe haven, considering rate and growth differentials. The yen's performance and Japanese investors' hedging strategies are also analyzed. The video concludes with a focus on US growth projections and their implications for currency strength.

What was notable about last week's market corrections?

• They were driven by strong economic fundamentals.

• They were orderly and predictable.

• They resulted in a significant rise in gold prices.

• They involved unusual cross-asset movements.

What is the base case for the dollar's performance during uncertain times?

• The dollar will weaken significantly.

• The dollar will remain stable.

• The dollar will lose its safe haven status.

• The dollar will strengthen as a safe haven.

How did the yen perform as a safe haven last week compared to this week?

• It performed well both weeks.

• It performed poorly both weeks.

• It performed poorly last week but improved this week.

• It performed well last week but poorly this week.

What is the expected change in US growth according to the Economix side?

• US growth is expected to decrease to 0.5%.

• US growth is expected to remain stable at 2.3%.

• US growth is expected to increase to 3.0%.

• US growth is expected to decrease to 1.3%.

What is the main challenge in determining currency preference given the growth differential?

• Deciding which currency to go long on.

• Predicting the exact growth rates.

• Choosing which currency to short.

• Understanding the impact of rate differentials.