That's when you know to short the S&P, go long AUD.
Goldman Reveals First Two "Top Trades" Of 2014: Buy S&P, Short AUD
The only thing that prevents us from going all in short the S&P following the revelation that Goldman's first revealed top trade of 2014 is to go long the S&P Dec 2014 futures with a target of 2250 and a close below 1855, is that the reco is not from Tom Stolper but his colleague Noah Weisberger whose muppet wipe out record is not quite as prominent. Still, for Goldman clients to buy S&P futs, Goldman has to sell it to them, and as always - do what Goldman does, not what it says. Recommended Top Trades for 2014 Longer-term structural views are expressed in our Top Trade recommendations. These are typically ... (full story)