Wall Street Traders Stockpile Hedges as Goldman Urges Caution
- Open interest for biggest high-yield ETF points to rising fear
- Goldman Sachs strategist sees ‘strong case’ for hedging
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The relentless spread of the delta variant. Warnings on growth for the world’s two biggest economies. Geopolitical risk as Afghanistan falls.
An outbreak of bad news is spurring cautious investors to double down on cross-asset hedges as risk markets hold near record levels, while currency traders move into havens.