Nasdaq Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying strong production from the United States would moderate any upside in oil prices. […]
Tesla shares are lower by more than 2% in early trading on Monday after Goldman Sachs lowered its earning forecast on the name and it was also reported that Tesla was in early talks for […]
Panama Canal officials have enforced a vessel draft restriction because of a severe water crisis. We noted in a piece weeks ago titled “Panama Canal Hit By Shipping Restrictions As Water Crisis Set To Worsen” […]
Earlier we said that the Fed/Treasury’s new alphabet soup bailout facility, the BTFP, stands for Buy The Fucking Pivot as it confirms what we have been saying for months: it’s just a matter of time […]
In his most hawkish speech since Jackson Hole, Fed Chair Powell made it very clear: if economic data keeps coming in as hot as February, the Fed will not only hike higher for longer, but […]
It has become impossible to be an economist or data-watcher (and thus strategist, investor, pundit or analyst) in the US: the reason is that seasonal adjustments have made virtually every data set a load of […]
Heading into 2022, an otherwise very bearish Goldman (whose chief equity strategist David Kostin forecast a 3-month S&P price target of 3600 and expected the index to end the year at 4,000, even as its […]
Moscow’s trade partners have increasingly paid more for Russian crude than quoted prices suggest, Goldman Sachs said in a note, cushioning Russia from the impact of Western sanctions. The bank in a note dated Feb. […]
During the Covid-19 pandemic, consumers saved an unprecedented amount of cash thanks to government stimulus and draconian lockdowns. As we’ve been detailing over the past year and a half, those savings could soon be exhausted. […]
By Goldman trader and managing director, Bobby Molavi Last week was truly a tale of two halves. The start of the week seeing hope around China reopening but this quickly made way to denials and […]
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