It's time now for the big picture. So, let's welcome in Colin Martin, head of fixed income research and strategy Schwab Center for Financial Research. Okay, Colin.So, yields pushing higher across the board last week. It started to come off a bit though in the Friday afternoon session and we've got the twos, the tens, the 30s all pulling back. So, we've seen some buying this morning as well.What's changed. >> I wouldn't say much changed. I think I I think it's more important to focus on kind of the two risks ...

Core Insights - Goldman Sachs has raised concerns about potential market shocks that could disrupt the current 'Goldilocks' economy, characterized by balanced growth without inflation or recession [1][3][4] - The S&P 500 index is near its all-time high, indicating strong investor sentiment, but risks related to growth and interest rates remain as year-end approaches [2][4] Economic Conditions - The 'Goldilocks' economy is defined as a scenario where economic conditions are neither too hot nor too cold, maintaining a balance that supports growth without triggering inflation [2] - Despite the current positive outlook, Goldman Sachs' chief global equity strategist has identified three potential risks: a growth shock from rising unemployment or AI disappointments, a rate shock if the Federal Reserve does not cut rates further, and a potential 10% devaluation of the dollar [3][4] Market Trends - The AI sector is experiencing significant growth, with companies like NVIDIA at the forefront, raising concerns about a potential stock market bubble due to overvaluation [5][6] - The S&P 500's price-to-book ratio has reached record highs, surpassing levels seen during the dot-com bubble, indicating potential overvaluation in the market [6] Seasonal Market Behavior - Historically, the fourth quarter tends to deliver strong average returns; however, a strong performance year-to-date can lead to a flat or negative October, creating uncertainty for investors [7]