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GOLDMAN: The Next 24 Hours Will Be Critical .....


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GOLDMAN: The Next 24 Hours Will Be Critical .....

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 kbit 
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[COLOR=darkgreen]stockGoldman's Dominic Wilson is out with a new note offering guidance to investors on whether to finally jump off the market, and get more bearish.[/COLOR]


Here's the key threshold:
[COLOR=darkgreen]assetsWe think that risk are likely to move higher as long as US data remain consistent with GDP growth of somewhat more than 2%.[/COLOR]

The next several hours may be decisive...

[COLOR=darkgreen]globalGiven more mixed news in March, and the likelihood that weather-related boosts will fade in the month or two ahead, the stakes have been raised for the releases over the next 24 hours. At the risk of oversimplification, if the ISM and PMIs bounce convincingly, we think the market is likely to be able to make fresh highs. If instead we see a second month of declines, we are likely to turn more cautious.[/COLOR]

[COLOR=#0000ff]PMISo basically, huge hours ahead, starting with the Chinese tonight, and ending with US ISM numbers tomorrow morning. UPDATE: The [COLOR=#0000ff]official PMI[/COLOR] reading has bounced back nicely.[/COLOR]
European PMI data will come out super-early on Monday.
Oh, and of course, this just leads up to what will be a massive week for data, ending with the Jobs Report on Friday.


Read more: GOLDMAN: The Next 24 Hours Will Be Critical For The Global Economy

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Last Updated on April 1, 2012


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