Goldman Sachs Risk Appetite Gauge Turns Negative as Investors Sell AI Stocks

Goldman Sachs’ risk appetite gauge fell below zero on Oct. 20 for the first time since April as investors sold artificial intelligence stocks and bought U.S. Treasurys despite higher-than-expected inflation. The gauge reached its lowest level since the early stages of the Iran war. Investors bought Treasurys even as inflation exceeded expectations. South Korea’s Kospi fell 4% on Oct. 20. AI startup Elice dropped more than 30% on its first day of trading. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost