Weekly Fundamental Outlook for Energies and Metals - Risk Appetite Slumped after SEC's Accusation Against Goldman
BonTradeRisky asset tumbled Friday as the SEC accused Goldman Sachs of having misstated key facts about collateralized debt obligations tied to subprime mortgages. Shares of the most-profitable Wall Street company in history slumped +13% after the accusation. Financial shares also tumbled almost -4% on average. DJIA and S&P indices ended the day lower, by -1.13% and -1.61% respectively. On weekly basis, DJIA managed to retain +0.76% of the gain while S&P lost -0.19%.
