Goldman Sachs risk gauge drops below zero, warns of sharper price swings
- —Goldman's Risk Appetite Indicator fell sharply below zero
- —Sentiment and positioning gauge at 46th percentile, lowest since April
- —Hedge funds cut net market exposure while keeping gross positions steady
- —The Oct. 28 Fed rate decision is the next key test
Why it matters: Weaker risk appetite and one-sided positioning raise the odds of sharp moves, including in bitcoin, which briefly fell below $80,000 on Oct. 15.
Source: Crypto Insiders