10 core truths Goldman Sachs believes will persist in 2016
It is becoming something of a ritual that markets are especially uncertain in
the first quarter. Part of this has to do with seasonality in US data, which
tend to look weak around the turn of the year. But other things are exacerbating
the risk sell-off. These are fears that China is in the midst of an uncontrolled
run on its currency, a view we strongly reject, and concern that the ECB and the
BoJ are backing away from their pursuit of higher inflation
