Goldman cut its 12-month US recession risk estimate further from 25% to the long-term norm of 15%. (and below the 20% estimate on the eve of the war). And while GS sees stronger macro supporting equities, AI valuations are becoming harder to justify after recent rally.

Goldman cut its 12-month US recession risk estimate further from 25% to the long-term norm of 15%. (and below the 20% estimate on the eve of the war). And while GS sees stronger…

Goldman Sachs and Morgan Stanley cut oil forecasts as US-Iran tensions ease. New all-time high for crude oil by September 30 at 9.5% YES.