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Clear all filters- Goldman Sachs16 min
Energy Disruptions Are Here to Stay
Amid escalating geopolitical tensions in the Middle East and Russia, the oil market has stabilized around $80–$85 for Q3 as investors focus on fundamental product deficits rather than headline volatility. While crude supply shocks have been partially mitigated by Russian export growth and strategic stockpiles, severe tightness in diesel and heating oil inventories threatens to sustain elevated prices through winter. Market analysts project a potential price dip to the $70s in Q4 if diplomatic progress occurs, though a significant supply response is unlikely before 2027 due to the long timeline required to rebuild global inventories.
- Goldman Sachs12 min
“Stocks Are Still Very Undervalued”
Goldman Sachs projects a 30% recession probability for late 2024 while anticipating strong global growth driven by AI integration, German defense spending, and significant U.S. fiscal expansion. The firm recommends a long U.S. stock strategy based on undervaluation and currency debasement, despite a Federal Reserve divergence where Governors Waller and Bowman urge immediate rate cuts against Chair Powell's wait-and-see approach. Investors are advised to monitor seasonal liquidity risks in August and prepare for a credit boom that could drive mortgage origination and inflation by mid-2025.