GS cite “Outright conflict” in Ukraine coupled with “punitive sanctions” could push U.S. stocks 6% lower from Friday’s close.
- with worse losses seen in Europe and Japan
Info comes via Bloomberg, the report adds:
- With geopolitical upheaval notoriously hard to trade, Goldman strategists are basing their calculations on the recent sensitivity of global assets to the ruble, according to a note Monday. Worst-case scenario, a 10% decline in the Russian currency would push oil up 13% and cause a 27-basis-point decline in benchmark Treasury yields, they said.
Link to Bloomberg is here, gated.
You can keep track of SPX movement using the ForexLive charts, link here.
