Goldman Sachs' top trading recommendations for 2018

Goldman Sachs suggests the following 7 trades for this year (2018).

Top Trade #1: Positioning yourself for further Fed rate hikes and a rebuilding of the term premium by selling US Treasuries (10 years). Target at 3.0% and stop at 2.0%.

Top Trade #2: Buy EUR/JPY for a continuation of the rotation around a neutral dollar. Target at 140 and stop at 130.

Top Trade #3: Buy emerging growth via the MSCI EM stock market index. Target at 1300 (+15%) and stop at 1040 (-8%).

Top Trade #4: Buy the eurozone inflation risk premium via EUR 5-year forward inflation. Target at 2.0% and stop at 1.5%.

Top Trade #5: Positioning for an "early vs. late" cycle in Emerging economies vs. US economy by buying the EMBI Global Index against the sale of the US High Yield iBoxx Index.

Top Trade #6: Hold diversified Asian growth, and hedge interest rate risks using relative forex valuations (Buy INR, IDR, KRW vs Sell SGD and JPY).

Top Trade #7: Buy global growth and the beta of non-oil commodities via the purchase of BRL, CLP and PEN vs. sale of USD.