Goldman Says Risk Appetite Has Reached ‘Extreme’ Levels
IMF's Obstfeld Says Tax Cuts Alone Aren't a Recipe for Growth
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Global stocks and U.S. Treasuries are in the throes of their most "extreme" start to the year ever as bullish sentiment engulfs markets, according to Goldman Sachs Group Inc.
The bank’s cross-asset measure of risk appetite around the world is the highest since it started the gauge in 1991. Euphoria is turbo-charging global equities while 10-year U.S. government bonds are suffering their worst performance in risk-adjusted terms, according to Goldman.