Goldman Releases First Three “Top Trades Of 2013″

Goldman Releases First Three “Top Trades Of 2013″

Zero Hedge – Toward the end of every year Goldman Sachs discloses what its top 10 or so thematic trades for the next year are. This is not to say that these trades perform better than others, or at all: the firm’s top trades for 2011 and 2012 were largely a dud. But for those interested which way Goldman is axed (i.e., always the opposite of what it recommends by definition) here are the first Top Trades for 2013 as just released by the Squid.

From Goldman Sachs

Longer-term structural views are expressed in our Top Trade recommendations. These are typically managed with a wide stop, and assessed on the basis of whether the fundamentals continue to support the medium-term investment theme.

  1. Stay short AUD/NOK, opened at 5.90 on 03 Dec 2012, with a target of 5.00 and a stop on a close above 6.35, currently at 5.88.
  2. Stay long risk (sell protection) on the CDX High Yield on-the-run index, opened at 506bp on 04 Dec 2012, with a spread target of 450 and a stop on a close above 550, currently at 516.
  3. Go long the Commodity Carry Basket (Crude, Corn and Base), opened at 100 on 05 Dec 2012, with a target of 112 and a stop on a close below 94, currently at 100.

Some detail on the Commodity Carry Basket:

The Commodity Carry Basket: Crude, Corn and Base (CCB)

To take advantage of this increasing carry in key commodity markets, we recommend opening an equally weighted position in GSCI-style rolling front month indices in petroleum, corn and, for base, copper less aluminum.

Crude: long the S&P GSCI® Petroleum Index

Corn: long the S&P GSCI® Corn Index

Base: long the S&P GSCI® Copper Index against short the S&P GSCI® Aluminium Index*

More

 

 

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

More in

code

TMR is on a new server

stix1972Mar 1, 2015
15-0301 Common Core

John Kasich Wants to be Jeb Bush’s Running Mate

Michael BeckerMar 1, 2015

THIS is a Reason to Love Sports

Michael BeckerMar 1, 2015
walden_crop

Video: Walden on FCC’s #NetNeutrality Regulations and the #CommActUpdate

stix1972Feb 28, 2015
Screen-Shot-2015-02-13-at-10.21.26-PM-1000x600

Video: This African Country Was Once the World’s Third Poorest. Here’s How It Turned Things Around.

stix1972Feb 28, 2015
oscar_statue_vector_image-3

Oscars: Remember It’s Show BUSINESS

stix1972Feb 28, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

December 2012
M T W T F S S
« Nov   Jan »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Archives

Copyright © 2014 The Minority Report Network