What Matters In H2'26: Top Goldman Trader Sees 'Setup For Selective Broadening Trades'

With geopolitics having dominated in H1, Goldman Sachs global head of custom equity baskets, Louis Miller, believes that the macro setup in H2 is conducive to selective broadening trades. Global growth expectations are recovering from the lows, inflation and rates pressures are easing from max hawkish, and various sentiment indicators (business, consumer) are starting to tick higher. The AI/momo trade has had a phenomenal run, and seasonality suggests it could take a bit of a breather over July.

Raccontata dazerohedge.com