From TokenPost · · 50s
Goldman Sachs Risk Appetite Gauge Turns Negative
Investors sold AI stocks as Goldman Sachs' risk appetite gauge fell below zero for the first time since April.
In brief
Investors sold AI stocks as Goldman Sachs' risk appetite gauge fell below zero for the first time since April. Goldman Sachs' risk appetite gauge dropped below zero on Oct. 20 as investors sold AI stocks and bought U.S. Treasurys. Originally reported by TokenPost.
Goldman Sachs Risk Appetite Gauge
Goldman Sachs' risk appetite gauge fell below zero on Oct. 20 for the first time since April as investors sold artificial intelligence stocks and bought U.S. Treasurys despite higher-than-expected inflation.
Investor Activity
The gauge reached its lowest level since the early stages of the Iran war. Investors bought Treasurys even as inflation exceeded expectations.
Market Impact
South Korea’s Kospi fell 4% on Oct. 20. AI startup Elice dropped more than 30% on its first day of trading.
Here's the gist
Goldman Sachs' risk appetite gauge dropped below zero on Oct. 20 as investors sold AI stocks and bought U.S. Treasurys.
