The Markets

Lindsay Rosner, Head of Multi-Sector Investing at Goldman Sachs Asset Management, offers fixed income and macro perspectives. She discusses the Iran conflict as an energy-driven inflation shock. She explains why bonds can hedge risk and when they may not. She highlights recent yield creation from higher rates and spreads. She flags key central-bank meetings to watch next month.

John Storey, global co-head of equities distribution at Goldman Sachs, shares market commentary from the trading floor. He highlights fragile markets masked by narrow indices. He explores defensive positioning and hedging, the shift from asset-light to asset-heavy sectors, AI’s pick-and-shovel winners, and top trade ideas like European financials and cyclical, asset-heavy industries.

John Flood, Head of Americas Equities Execution Services at Goldman Sachs, brings frontline trading-floor perspective. He discusses geopolitical uncertainty driving macro hedges. He highlights record share volumes amid thin S&P futures liquidity. He explains why ETF trading above 40% signals stress and unpacks crowded trades in Asia, semiconductors, and momentum.

Josh Schiffrin, Chief Strategy Officer and Head of Financial Risk at Goldman Sachs, offers concise market strategy perspective. He discusses reactions to a weak payrolls report and noisy data. He explores geopolitical risk widening uncertainty and oil-driven inflation. He outlines positioning choices, volatility focus, and why the conflict is the market epicenter.

Jerome Dortmans, co-head of Global Oil and Products Trading at Goldman Sachs, brings frontline trading and geopolitical market expertise. He discusses supply at risk from the Iran conflict, which products are most vulnerable, regional winners and losers, trading biases to watch, and scenarios that could push oil toward $100–$120. Short, clear takes on escalation triggers and market signals.

Stratford Dennis, head of emerging markets equities trading at Goldman Sachs, offers market commentary and trading perspective. He breaks down why EMs are rallying and why China is lagging. He discusses Brazil’s outlook, how a weak dollar helps EM, and where to position after the rally using structured option strategies.

Peter Callahan, a Goldman Sachs U.S. tech, media, and telecom sector specialist, discusses why tech has lagged despite AI optimism. He covers the shift from AI build to implementation, earnings that failed to move stocks, CapEx and mega-cap execution pressure, software's pullback and rotation into semiconductors, and near-term catalysts to watch.

Lina Thomas, senior commodities analyst at Goldman Sachs who specializes in gold and silver markets, breaks down recent gold volatility and what fueled the 2025 rally. She explains how call-option flows amplified price swings. She outlines a bullish outlook with a $5,400/oz year-end 2026 forecast and contrasts gold’s steady central bank demand with silver’s higher volatility.

Shawn Tuteja, head of ETF and custom baskets volatility trading at Goldman Sachs, explains hidden volatility beneath calm S&P moves. He spotlights cyclicals and Russell strength versus big-cap tech. He covers international flows into EM, AI-driven capex questions, precious-metal swings, crowded positioning and tactical buy-the-dip ideas.

Christian DeGrasse, financial sector specialist at Goldman Sachs, offers a concise mini bio and market lens. He discusses bank earnings, margin dynamics, and regulation uncertainty. He highlights attractive subsectors like big and regional banks, CRE brokers/servicers, and consumer finance. He also flags rate movements, alternative-asset earnings, and near-term macro watches.