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Rate cut expectations postponed again; Goldman Sachs: AI-driven productivity improvement is currently the most crucial macro variable.

Rate cut expectations postponed again; Goldman Sachs: AI-driven productivity improvement is currently the most crucial macro variable.

Long-term interest rates have broken through key resistance levels, inflation expectations are rising again, momentum indicators have reached extreme levels not seen since 2000, and overall market breadth has narrowed significantly—multiple signals are prompting some US stock investors to become more cautious. Faced with these market concerns, Goldman Sachs