Tuesday’s market moves was one of the more disturbing days of late, says Goldman Sachs pro

Tuesday’s market moves was one of the more disturbing days of late, says Goldman Sachs pro Tuesday’s market moves was one of the more disturbing days of late, says Goldman Sachs pro Tuesday was a disturbing day on Wall Street, says one expert. Rich Privorotsky, head of Delta One trading at Goldman Sachs, called it “one of the more disturbing cross-asset days of this episode.” ended narrowly higher — helped by a report TSMC may expand further into the U.S., into the Dallas, Tex. area — credit widened, and long-dated Treasury yields rose even as oil prices fell Don’t Short Yourself offers weekly money tips to help you earn it, stack it and grow it. I agree to the Terms of Use, Privacy Notice and Cookie Notice.

I would like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time. Privorotsky speculated on a few reasons why.

The carry trade — when people borrow in low-yielding currencies to invest elsewhere — may be unwound as the yen appreciates, he said. Extreme volatility in the rates space may leave Wall Street firms either unwilling or unable to intermediate. At some point that is simply the clearing price for fiscally dominant economies trying to attract enough private capital to fund enormous sovereign borrowing,” he says.

And once these rates are high enough, the hurdle rate for equities rises materially. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities.

Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Should I sell my house because of dangerous stairs — or spend thousands renovating?

I’m 77, pay rent and live off Social Security, but I help homeless people. Why are so many people going hungry? The real prize in AMD’s $8 billion World Labs acquisition isn’t what you’d think ‘I want to make her proud’: My mother, a divorcée, died and I’m her executor.