Latest Interviews
Showing 1–2 of 2 transcripts.
Clear all filters- Goldman Sachs8 min
Why US Stocks May ‘Grind Higher’
Ashok Varadhan, Mike Washington
Goldman Sachs co-head Ashok Baradhan forecasts equities will continue to "grind higher" despite recent volatility driven by war tensions, Fed rate concerns, and AI leverage unwinding, predicting a V-shaped tech recovery and S&P 500 new highs. Baradhan diverges from current market pricing by asserting interest rates will remain on hold through year-end as inflation recedes, while maintaining a constructive outlook on credit spreads and dismissing short-term currency interventions. The firm recommends investors stay fully invested with a target energy price below $70 per barrel to support U.S. yields and productivity gains, pending validation from upcoming jobs and inflation data.
- Goldman Sachs10 min
The Fed Cut Playbook
Josh Schiffrin, Mike Washington
Josh Schifrin identifies weaker-than-expected non-farm payroll revisions as the dominant economic signal, creating a high probability for a 25 basis point Federal Reserve rate cut in September while ruling out a larger 50 basis point move. Although the US dollar faces structural headwinds from lower short-term rates and fiscal deficits, Schifrin expects equities to continue rising driven by AI catalysts and economic resilience, recommending a strategic long position in five-year Treasuries to capitalize on anticipated easing and hedge against potential volatility. This outlook sets the stage for a critical early September payroll report to guide the Fed's data-dependent trajectory for the remainder of the year.