With significant hedge fund interest, Devon Energy Corporation (NYSE:DVN) secures a spot on our list of the 12 best commodity stocks to buy right now. Goldman Sachs Remains Bullish on Devon Energy (DVN) Following Q3 2025 Results On November 13, 2025, Goldman Sachs’ Neil Mehta reiterated a “Buy” rating on Devon Energy Corporation (NYSE:DVN) with a $42 price target. Earlier, on November 12, 2025, Devon Energy Corporation (NYSE:DVN) saw RBC Capital reiterate its “Sector Perform” rating with a $42 price tar ...

Group 1 - The international crude benchmark, Brent, is forecasted to potentially dip to the $30s per barrel by 2027 due to oversupply concerns [1] - Brent Crude prices have decreased by 14% year to date, trading at $62.59 per barrel as of early Monday [1] - The U.S. and Ukraine have engaged in "highly productive" talks in Geneva, agreeing to continue working on a refined peace plan [2] Group 2 - Analysts and investment banks do not anticipate oil prices falling to $40 or below, despite expectations of a near-term decline due to strong supply from OPEC+ and non-OPEC producers [2] - Peace in Ukraine may lead to eased sanctions on Russia, which could further impact energy prices [3] - Goldman Sachs predicts that WTI Crude will average $53 per barrel in 2026, indicating a continued drop in oil prices [3] Group 3 - Goldman Sachs advises investors to short oil, predicting a surplus of 2 million barrels per day on average next year [4] - The year 2026 is expected to be the last significant supply wave affecting the market, with a rebalancing anticipated in 2027 [5]

11月24日，美联储理事克里斯托弗·沃勒（Christopher Waller）重申其观点，支持在12月降息。 沃勒表示，自美联储上次会议以来，现有数据显示变化不大，通胀并非大问题。"我担心的是劳动力市场，主张在12月降息。" 【导读】美联储理事沃勒：主张在12月降息 中国基金报记者 李智 11月24日，美联储理事沃勒主张在12月降息，现货黄金短线拉升。 美联储理事沃勒：主张在12月降息 此外，沃勒还透露，大约10天前与美国财长贝森特谈过，两人会谈非常顺利。目前美国政府正在寻找一位有经验、知道如何胜任这项工作（美联储主席） 的人。 11月24日，据CME"美联储观察"，美联储12月降息25个基点的概率为69.4%，维持利率不变的概率为30.6%。美联储到明年1月累计降息25个基点的概率为 56.9%，维持利率不变的概率为20.8%，累计降息50个基点的概率为22.3%。 沃勒称，大多数私营部门数据显示就业市场疲软，没有迹象表明企业即将掀起招聘热潮，9月份就业数据可能会被下修。明年1月份将充满挑战，大量数据 将陆续公布，以判断是否需要再次降息，需要逐次进行评估。如果数据出现反弹，可以更加谨慎。 "通胀率有所上升 ...

（文章来源：新华财经） 高盛集团经济学家预计，美联储将在12月降息，使利率降至略高于3%的水平，美国经济放缓的幅度可 能超出预期。 ...

高盛集团经济学家预计美联储将在12月降息，使利率降至略高于3%的水平。该行首席经济学家Jan Hatzius警告称，美国经济放缓的幅度可能超出预期，所以需要美联储更多的降息。他表示，尽管9月非 农报告显示就业市场新增了11.9万个就业岗位，但不断增加的裁员表明劳动力市场的疲软可能正在固 化，从而限制了经济温和增长的影响力。 来源：滚动播报 ...

来源：识财解道 临近年末，A股市场震荡加剧，不少前期涨幅突出的个股纷纷回调，让不少追高投资者感受到了市场波动的压力。 展望2026年，尽管多家券商普遍认为A股牛市有望延续，市场对此已形成一致预期，但想要在波动中赚取超额收益，仍要把握好行业结构变化，并做好稳 健资产的对冲配置。对于追求"稳稳的幸福"、不想被股市起伏牵着走的投资者来说，近期获得国际巨头集体力挺的黄金，或许是未来仍值得重点关注的配 置方向。 一方面，高盛最新将2026年底黄金目标价上调至4900美元/盎司，另一方面，瑞银也将年中目标价提至4500美元/盎司，并上看4900美元/盎司，两大机构罕 见一致看好背后，是黄金投资逻辑的深刻变化。 对于普通投资者而言，借道ETF参与黄金投资更为便捷。据了解，作为国内ETF领域的"领军者"，南方基金凭借超15年的ETF运作经验与近4000亿的指数 产品管理规模，已布局完善的黄金相关指数产品矩阵，为投资者提供了丰富选择。 例如金ETF（代码159834）及其联接基金（A类018391、C类018392、I类021004）；此外，还有覆盖了包含黄金在内的有色金属全产业链的有色金属ETF （代码512400），其联接 ...

高盛最新预计，美联储将在12月的会议上实施连续第三次降息。该行认为，通胀放缓以及劳动力市场降温，为政策制定者进一步放松货币政策提供了 空间。 "明年的风险倾向于进行更多次降息，因为核心通胀方面的消息一直有利，而就业市场的恶化……可能难以通过我们预期的温和的周期性增长加速来 遏制。"高盛首席经济学家Jan Hatzius在一份报告中表示。 高盛还预计，美联储2026年再降息两次，分别在3月和6月，最终将联邦基金利率降至3.00%–3.25%的区间。 该行的基准观点是，美联储将越来越相信，通胀放缓的趋势将持续下去，货币政策无需继续维持在明显具有限制性的水平。 高盛分析师表示，美联储短期内可能会保持谨慎的基调，但核心物价和薪资增长的轨迹表明，明年的政策立场可能会逐步向中性水平过渡。 此外，高盛指出，自美联储启动降息周期以来，金融环境已显著宽松，这有助于稳定企业借贷成本和家庭信贷流动。 该行预计，到2026年年中，美联储将完成新冠疫情时期调整以来的首次实质性宽松周期，届时利率将显著低于去年的峰值水平，但仍高于过去十年的 超宽松水平。 在高盛作出上述预测之际，由于美联储"三把手"、纽约联储主席威廉姆斯上周五发表了鸽派言 ...

Group 1: AI Market Outlook in China - The development and application of artificial intelligence (AI) are opening new opportunities for the Chinese stock market, with a focus on application rather than just computational power [1][2] - Goldman Sachs' chief China equity strategist Liu Jinjun believes that the AI-driven stock rally in China is not a bubble, as Chinese tech companies can expand valuations and profits by focusing on applications [1][2] - The total market capitalization of China's top ten tech companies is $2.5 trillion, compared to $25 trillion for their U.S. counterparts, indicating a significant valuation gap [1] Group 2: Investment Sentiment and Concerns - There is growing optimism about China's rise as an AI superpower, especially following the launch of efficient low-cost models by startups like DeepSeek and new AI tools from major tech companies [2] - In contrast, the U.S. market is experiencing significant volatility, with concerns about a potential AI bubble as large tech firms announce massive capital expenditures in the AI sector [2][3] - Some investors argue that the current investment cycle in AI is a boom rather than a bubble, citing strong demand and supply dynamics [3] Group 3: Challenges in AI Implementation - A report from MIT highlights that despite $30-40 billion invested in enterprise AI, 95% of organizations are seeing no return on investment, leading to a divide in AI outcomes [6][8] - The report indicates that only 5% of integrated AI pilots are generating significant value, while most projects remain stalled without measurable impact on profits [6][8] - Key barriers to scaling AI solutions include a lack of learning and adaptation in most systems, rather than issues related to infrastructure or regulation [8][9]

Group 1 - Goldman Sachs maintains its core judgment on the Federal Reserve's monetary policy path, predicting a 25 basis point rate cut in December, followed by two additional cuts in March and June 2026, ultimately lowering the federal funds rate to a terminal level of 3%-3.25% [1][4] - The upcoming December 10 meeting is unlikely to be hindered by any factors, as key economic reports will be released after the meeting, shifting market focus from "whether to cut rates" to the policy path and economic landing shape post-cut [2][4] - The U.S. economy is expected to accelerate growth to a range of 2%-2.5% in 2026, with the unemployment rate stabilizing slightly above the September level of 4.44% due to reduced tariff drag, tax cuts, and eased financial conditions [4][5] Group 2 - Despite a seemingly strong non-farm payroll increase of 119,000 jobs, there are growing concerns about the labor market, with potential job growth trends estimated at only 39,000 jobs, and signs of layoffs emerging in October [7] - The unemployment rate for college graduates aged 25 and older has risen by 1 percentage point to 2.8%, while the rate for graduates aged 20 to 24 has climbed to 8.5%, indicating a deterioration in job opportunities for this key demographic [7] - Concerns about the "AI bubble" suggest that while AI is projected to create significant incremental capital income over the next 10-15 years, current stock market valuations have already priced in these expectations, leading to forecasts of lower returns for U.S. equities over the next decade [8]

根据CME FedWatch数据，市场目前预计美联储12月维持利率不变的概率为30.5%，而降息25个基点的概率升至69.5%，相比一周前的约42%明显提 升。 11月24日，高盛最新预计，美联储将在12月的会议上实施连续第三次降息。该行认为，通胀放缓以及劳动力市场降温，为政策制定者进一步放松货币 政策提供了空间。 "明年的风险倾向于进行更多次降息，因为核心通胀方面的消息一直有利，而就业市场的恶化……可能难以通过我们预期的温和的周期性增长加速来 遏制。"高盛首席经济学家Jan Hatzius在一份报告中表示。 不过，和高盛形成鲜明对比的是，华尔街另两大投行——摩根士丹利和摩根大通——在9月非农报告公布后，均放弃了对美联储12月降息的预测。 高盛还预计，美联储2026年再降息两次，分别在3月和6月，最终将联邦基金利率降至3.00%–3.25%的区间。 该行的基准观点是，美联储将越来越相信，通胀放缓的趋势将持续下去，货币政策无需继续维持在明显具有限制性的水平。 高盛分析师表示，美联储短期内可能会保持谨慎的基调，但核心物价和薪资增长的轨迹表明，明年的政策立场可能会逐步向中性水平过渡。 此外，高盛指出，自美联储启动降 ...