Global markets reached levels of turbulence rarely seen this week, but traders at Goldman Sachs are unfazed and don't believe it is a sign of a big danger lurking.
The S & P 500 and Dow Jones Industrial Average on Monday suffered their biggest one-day declines since 2022.
The market then roared back with the S & P 500 posting its biggest gain since 2022 on Thursday.
After the late-week comeback, the S & P 500 is only down for the week by about half a percent.
.VIX 5D bar Wild week for VIX Goldman traders expect gains going forward, but they see the path higher as a "choppy" one.
Persons:
Goldman Sachs, Wall Street's, Goldman, VIX Goldman, Morgan Stanley, Eli Lilly, LLY
Organizations:
Goldman, Dow Jones, Monday, JPMorgan, pharma