|
|
|
|
|
04.07.25 - 23:51
|
"A Highly Kinetic Period" - Goldman′s Hedge Fund Honcho Reflects On H1... & What Lies Ahead (ZeroHedge)
|
|
|
"A Highly Kinetic Period" - Goldman's Hedge Fund Honcho Reflects On H1... & What Lies Ahead
The first half of 2025 was a highly kinetic period, to say the least, according to Goldman Sachs head of hedge fund coverage, Tony Pasquariello.
With a touch of distance from the screens this week, he went back and read a bunch of his recent notes, which served as a reminder of the immense narrative volatility along the path.
For example:
US exceptionalism was a bright and shining consensus position at the start of the year...
...that gave way to the worst short-cycle selloff in domestic equities since the depths of COVID...
...only to see S&P close out H1'25 on the dead highs (and we've kept going).
What follows from here is a set of views that Pasquariello took away from the past six months -- with an eye towards the next six months...
MARKET DIRECTION:
- given all of the uncertainty and volatility, it's hard to look back and NOT be a little impressed with how the US economy...
|
|
|
|
|
04.07.25 - 11:01
|
Bayer: Goldman wird optimistischer (Der Aktionaer)
|
|
|
Das zweite Quartal ist passè. Bis das DAX-Unternehmen Bayer seinen Zahlen für den Berichtszeitraum vorlegt (6. August), werden allerdings noch ein paar Wochen ins Land gehen. Indes haben die Analysten der US-Investmentbank Goldman Sachs das Papier erneut genauer unter die Lupe genommen und eine Anpassung beim Kursziel vorgenommen....
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03.07.25 - 17:15
|
Goldman Finds ′Net Purchase Intent′ For Tesla Begins Recovery (ZeroHedge)
|
|
|
Goldman Finds 'Net Purchase Intent' For Tesla Begins Recovery
Wednesday marked delivery report day for Tesla and Rivian, as both electric vehicle makers posted figures reflecting ongoing pressure from waning demand and intensifying competition. Offering fresh insight and key takeaways to help assess the EV market is a new note from Goldman Sachs analysts led by Mark Delaney.
Tesla reported 2Q25 deliveries of 384k vehicles, up 14% quarter-over-quarter but down 13% year-over-year. Production totaled 410k, flat versus the previous year. The Model 3/Y made up most of the deliveries at 374k (+15% QoQ, -12% YoY), while other models (S/X/Cybertruck) fell to 10k (-19% QoQ, -52% YoY). Lease penetration fell 2%, from 4% in the first quarter of the year.
Deliveries missed Visible Alpha Consensus Data of 394k, but beat Goldman's forecast of 365k. Delivery boosts came from the U.S., Europe, and other markets, while China volumes were mainly in line with expectations.
Regionally, YoY sales...
|
|
|
|
|
03.07.25 - 14:51
|
Futures Coiled At Record High Ahead Of Closely Watched Jobs Report (ZeroHedge)
|
|
|
Futures Coiled At Record High Ahead Of Closely Watched Jobs Report
US equity futures are slightly higher with small caps outperforming into the payrolls report. As of 8:10am ET, S&P 500 futures are up 0.2% while Nasdaq 100 contracts were up 0.1%. The tax/budget bill appears likely to pass later this morning after a dramatic overnight session, so keep an eye on yields though any impact may be delayed until next week given the holiday. Payrolls are the key event of a trading day which finishes at 1 pm. Consensus has the print at 106K, while the whisper number is 96K and the Bloomberg Economics' Nowcast model forecasts job gains of 119k, higher than consensus while Goldman expects a downbeat 85K number. Scenarios laid out by JPMorgan see the S&P as most likely to rise after the data, though a reading of less than 85k would lead to a 2% to 3% drop for the index. A poor number ( especially after the negative ADP jobs reading) would strengthen the case for a July rate cut and would add to pressure...
|
|
|
|
|
03.07.25 - 13:24
|
LVMH: Ein starkes Signal (Der Aktionaer)
|
|
|
Lebenszeichen bei LVMH: Die Aktie ist seit Wochenbeginn über den GD50 gesprungen – nun ist der Weg nach oben hin frei. Kurstreiber war eine frische Analysteneinschätzung von Goldman Sachs. Analystin Louise Singlehurst sieht den Luxusriesen als einen der aussichtsreichsten Werte innerhalb des Sektors....
|
|
|
|
|
02.07.25 - 18:36
|
WTI Rebounds As ′Tank Bottoms′ Loom At Cushing Hub After Big Draw (ZeroHedge)
|
|
|
WTI Rebounds As 'Tank Bottoms' Loom At Cushing Hub After Big Draw
Oil prices have pumped and dumped this morning as traders turn their focus to a key OPEC+ production decision and this morning's official supply and production data (following a big draw at the Cushing Hub reported by API overnight)..
“Crude oil prices remained roughly unchanged week-on-week as the market focus shifts from the ceasefire in the Middle East to this Sunday's virtual OPEC+ meeting,” Goldman Sachs analysts including Yulia Zhestkova Grigsby wrote in a note.
“We do not expect a large market reaction if OPEC+ decides to increase production on Sunday as consensus has already shifted towards this outcome.”
The question this morning is will the official data confirm API's sizable Cushing draw.
API
Crude +680k
Cushing -1.42mm
Gasoline +1.92mm
Distillates -3.46mm
DOE
Crude +3.845mm - biggest build since Mar 2025
Cushing -1.493mm - biggest draw since Jan 2025
Gasoline +4.188mm
...
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
