The S&P 500 is nearing its peak, but here is the case made by several prominent Wall Street seers for why things can go awry.
Tag: Goldman Sachs
The American artificial intelligence industry is far ahead of the rest of the world, it notes, and you don’t have to worry about Skynet from “The Terminator.”
Distress in the high-yield market often is a sign of pending trouble. But economists are backing off of their recession forecasts.
In 2035, emerging markets will gain a slight edge, and they will have a clear lead by 2050: 47% to 27% of global capitalization.
Artificial intelligence-fueled productivity should expand margins by 4 percentage points, the firm projects, but it won’t happen right away.
The so-called ‘X-date’ could come in June instead of August, say studies by Goldman Sachs and Wrightson ICAP, based on lower-than-estimated federal tax receipts.
There will also be a job-loss toll, but, as in previous technology leaps, many displaced workers will fit into newly created positions, the firm’s study says.
Roger Ng allegedly laundered ill-gotten funds through financing ‘The Wolf of Wall Street.’
China’s reopening and worldwide lack of infrastructure for raw materials should power the revival, per the firm’s Jeff Currie.
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
U.S. and Canadian allocators no longer pile into Chinese assets.