The world's capacity to store oil is bursting at the seams, and Goldman Sachs has identified crude storage as a problem that could potentially be a 2016 risk to credit and risk assets in general.
The firm rolled out its investment themes for next year Thursday, providing its view on stocks, the dollar, the economy, fixed income and commodities. Among its forecasts are that fixed income markets will continue to face liquidity issues and that stocks will end the year close to current levels — 2,100 on the S&P 500 — due to the "Yellen call."
The Goldman analysts say the downside risks to inflation aren't as great as expected, while global GDP growth should rise to 3.6 percent thanks to a pickup in depressed regions such as Brazil and Russia.
But the firm did identify one bubbling concern in the oil market that could spread to broader markets, under the right circumstances.