Goldman Sachs hedge fund chief: Market conditions "almost unprecedented", equities underestimate downside tail risk
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Market volatility is intensifying, and multiple pressures are fermenting simultaneously. Tony Pasquariello, head of Goldman Sachs’ hedge fund business, recently issued a warning, stating that the downside risk for US stocks is severely underestimated, while volatility indicators are unusually calm—this divergence warrants caution.
Pasquariello pointed out that continued disruptions