Core Viewpoint - Citigroup raised Goldman Sachs' target price from $700 to $765 while maintaining a "Neutral" rating [1] Group 1 - The target price adjustment reflects a positive outlook on Goldman Sachs' performance [1] - The "Neutral" rating indicates a cautious stance despite the price increase [1]

Group 1 - The U.S. stock index futures declined over 1% as of the report time on October 17 [1] - Major U.S. technology stocks, referred to as the "Seven Sisters," experienced a pre-market drop, with Microsoft down 0.9%, Meta, Amazon, Apple, and Google A down 1%, and Tesla and Nvidia down 2% [1] - Chinese concept stocks also saw a pre-market decline, with Ctrip, Li Auto, and Tencent Music down 2%, and Bilibili, Pinduoduo, Baidu, Alibaba down 3%, while NIO fell 5% [1] Group 2 - Major U.S. bank stocks fell in pre-market trading, with Bank of America down over 3%, Citigroup down 1.7%, Goldman Sachs and Wells Fargo down approximately 1.4%, and JPMorgan Chase down over 1% [1]

Group 1 - The article discusses an earnings preview for Goldman Sachs (NYSE: GS) and previously held a BUY rating on the stock [1] - The author has a background in finance, holding a CFA Charter and a PhD in Finance, and is involved in quantitative research across various financial topics [1] - The author also engages with the public through a YouTube and Podcast channel focused on market discussions [1] Group 2 - There is no disclosure of any stock or derivative positions in the companies mentioned, indicating an unbiased perspective [2] - The article emphasizes that past performance does not guarantee future results, highlighting the importance of independent analysis [3]

目前美国政府停摆已进入第三周，停摆原因是华盛顿的共和党与民主党陷入政治僵局。这一状况已导致 官方经济数据的收集、处理与发布工作全面暂停。 不过，各州仍在继续收集失业金申领数据，并将其提交至劳工部的数据库，该数据库目前仍可访问。经 济学家正利用政府今年早些时候发布的季节性调整系数，结合未经调整的申领数据进行估算。需要说明 的是，亚利桑那州、马萨诸塞州、内华达州和田纳西州的数据暂未获取。 高盛在一份报告中表示："田纳西州、马萨诸塞州、亚利桑那州和田纳西州未出现在今日劳工部数据 中，我们的估算假设这些州的初请失业金人数与最新公布数据持平。若采用这些州今年以来的最低和最 高申领人数计算，我们得出的估算区间为21.1万至22.5万人。" 美国劳工部在处理未能按时提交数据的州时，也会采用类似的估算方法。 摩根大通经济学家阿比尔·莱因哈特(Abiel Reinhart)称："最新的失业金申领数据表现相当不错，这表明 裁员人数仍处于低位，失业率走势平稳。" 对于即将在10月28日至29日召开政策会议的美联储官员而言，失业金申领数据已成为评估劳动力市场健 康状况的关键指标。 裁员与招聘双双低迷 美联储主席杰罗姆·鲍威尔(Jer ...

Core Insights - The demand for precious metals, particularly gold and silver, is experiencing a significant surge, driven by both retail investors and institutional players like central banks [1][10]. Group 1: Market Demand - The UK's Royal Mint is facing overwhelming demand for physical silver coins, indicating a broader interest in precious metals beyond central banks [1]. - In Australia, long queues have formed outside bullion shops, with reports of lines reaching 60 meters, reflecting a gold buying frenzy that has seen prices increase over 50% in the past year [4][8]. - Goldman Sachs has raised its gold price forecast to $4,900 per ounce by December 2026, suggesting potential gains for current buyers [8][9]. Group 2: Investor Sentiment - Retail investors, including everyday citizens and Wall Street giants, are increasingly purchasing gold as a hedge against economic uncertainty [8]. - The sentiment among buyers is driven by fears of missing out (FOMO) and a belief that gold is a safer investment compared to stocks and cryptocurrencies [13][16]. - Cultural factors also play a role, with some investors from backgrounds where gold is traditionally valued, viewing it as a stable investment [15][16]. Group 3: Economic Context - Factors contributing to the rising gold prices include strong central bank purchases, geopolitical tensions from events like the U.S.-China trade war and Russia's invasion of Ukraine [10]. - The historical context of gold as a stable currency is highlighted, with its value having increased significantly since the end of the Bretton Woods system [11]. - The supply of gold is limited and requires sophisticated mining techniques, contrasting with the ease of printing paper money, which can lead to inflation [12].

Credit Market - Goldman Sachs 的总裁 John Waldron 表示，过去十年信贷增长出现爆炸式增长 [1] - 如果情况恶化，其影响将不堪设想 [1]

Welcome to the latest edition of “ignore the headlines.” Day after day, the stock market seems to exhibit a very short memory. When playing sports and losing a game, that’s a good trait to have. When it relates to what drives markets now, as opposed to what drove them a decade or two ago, that’s a bad habit. It has not cost traders that much yet. But it could. More News from Barchart The biggest banks and brokerage firms kicked off earnings season Tuesday morning. As usual, the big fellas came through w ...

Core Insights - The Goldman Sachs Group reported a 42% year-over-year increase in investment banking revenues, which is a significant indicator for retail investors as the financial sector begins to release quarterly earnings [1][2] - The bank's wealth management fees rose by 17% to over $2.9 billion, driven by higher asset prices, reflecting strong business confidence among affluent investors [4][5] - Goldman Sachs' earnings per share (EPS) grew by 30.3%, reaching $37.75, surpassing last year's $28.98, although the stock price declined by approximately 4.3% post-results [11][12] Investment Banking and Wealth Management - Investment banking revenues increased significantly, with debt and equity underwriting fees rising to nearly $2.7 billion, a 42% increase from the previous year, indicating CFOs' confidence in future economic prospects [10] - Wealth management's growth is attributed to a stable number of affluent clients, suggesting a continued risk appetite for holding stocks despite market valuations being perceived as high [5][6] Market Sentiment and Economic Indicators - Goldman Sachs serves as a barometer for economic sentiment, influencing investor behavior across the S&P 500, with its performance reflecting corporate strength [2][3] - The bank's lower credit-loss provision of $339 million compared to $397 million last year indicates healthy credit and liquidity conditions, although it suggests some struggles for the average consumer [8][9] Stock Performance and Future Outlook - The current stock price forecast for Goldman Sachs is $769.40, with a potential downside of 1.45%, based on 19 analyst ratings [8] - The bank has increased its stock buyback program by $2 billion and raised its dividend payout to $4 per share, up from $3, indicating strong financial health and commitment to returning value to shareholders [12][13]

You want to give me a final. >> Uh, yeah. Goldman Sachs.Go with that one. >> Okay. >> Final here.>> Uh, Microsoft earnings in a couple of weeks. Better improve margins. >> Okay.Who's got Schwab. Is that >> Schwab. Yeah.Had a really strong quarter. Added a >> trying to frontr run Liz Anne Saunders appearance. >> I love Lizzie. Love Liz.Uh, she works for them. She could talk about anything. Um, $13 trillion in assets and they keep growing.>> Okay. Uh, good stuff. Josh Brown.Uh, toast green on my screen. Okay. ...

Core Viewpoint - Concerns are rising about a potential bubble in artificial intelligence investments, reminiscent of the dotcom boom, as investors remain vigilant for signs of declining demand or underperformance of massive spending [1][2]. Group 1: Investor Sentiment - A BofA Global Research survey indicates that 54% of investors believe AI stocks are in a bubble, while 38% do not share this view [1]. - The Bank of England warns that a downturn in investor sentiment regarding AI could lead to significant market declines [2]. Group 2: Market Risks - The Bank of England's Financial Policy Committee highlights an increased risk of a sharp market correction due to AI-related investments, noting the potential for material spillovers to the financial system [3]. - Bryan Yeo from GIC Private emphasizes the existence of a hype bubble in early-stage AI ventures, suggesting that valuations may not be justified for all companies [4]. Group 3: Perspectives on Investment Sustainability - Joseph Briggs from Goldman Sachs argues that the influx of multibillion-dollar investments in U.S. AI infrastructure is sustainable, countering fears of overheating in the sector [5]. - Despite a strong macroeconomic case for AI investment, Briggs cautions that identifying the ultimate winners in the AI space remains uncertain due to rapid technological changes and low switching costs [6].