|
|
|
|
|
09.12.25 - 21:45
|
Goldman Reminds Clients Where Travel & Leisure Cracked First Ahead Of 2008 Crisis (ZeroHedge)
|
|
|
Goldman Reminds Clients Where Travel & Leisure Cracked First Ahead Of 2008 Crisis
Goldman analysts led by Lizzie Dove examined how different segments within travel and leisure reacted to, and ultimately recovered from, the 2008-09 recession. Her analysis offers a valuable framework for identifying where consumer stress tends to appear first inside the travel space and whether today's warning signs in a K-shaped, bifurcated consumer landscape warrant closer scrutiny.
Buried in the middle of Dove's note on the cruise industry is an infographic showing that the downturn in the cruise industry tends to be late-cycle, whereas pullbacks in gambling, airlines, and hotels typically materialize much earlier - and right before the cycle begins to turn down.
Dove pointed back to the GFC crisis, where early in the downturn Vegas and airlines cracked first:
Vegas gambling revenue starts falling as early as Feb–Mar 2008
Airlines (enplanements) show declines by mid-2008
Then hotel demand dried...
|
|
|
|
|
|
|
|
|
|
|
|
|
09.12.25 - 18:09
|
Goldman Tracks "Lovely Polar Vortex Spinning Into Third Week" (ZeroHedge)
|
|
|
Goldman Tracks "Lovely Polar Vortex Spinning Into Third Week"
Waking up across the Mid-Atlantic and Northeast on Tuesday morning, temperatures are hovering in the upper single digits in some spots, especially in interior areas west of the I-95 corridor. Those regions have already seen their first accumulating snow, marking an early start to winter.
Goldman sales trader Ranald Falconer updated clients on weather forecasts and natural gas markets, noting that persistent cold continues to grip the eastern half of the US, while the western part of the country is experiencing well-above-seasonal temperatures.
In the gas space, I just had a glance through Sam's note over the weekend; definitely worth a read if you are looking at gas dynamics into next year and beyond. Forecast short term in North America looks mild across the West Coast but well below in the East over the next 10 days; our lovely polar vortex looks to be spinning and behaving into the 3rd week of December, but it's s...
|
|
|
|
|
|
|
|
|
|
|
|
|
09.12.25 - 13:31
|
Germany to Approve €52B Defense Spend, Nvidia Can Sell H200 Chips to China | The Pulse 12/9 (Bloomberg)
|
|
|
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Alexandra Wilson-Elizondo, Goldman Sachs Asset Management, Co-CIO for Multi-Asset Solutions; Modupe Adegbembo, Jefferies, Economist; Anthony Fobel, Arcmont Asset Management, CEO; Maximilian Kunkel, UBS Global Wealth Management, CIO for Global Family and Institutional Wealth
(Source: Bloomberg)...
|
|
|
09.12.25 - 13:09
|
Consumer Stock Bosses Reinforce ′K-Shaped′ Bifurcation Theme (ZeroHedge)
|
|
|
Consumer Stock Bosses Reinforce 'K-Shaped' Bifurcation Theme
A bifurcated consumer landscape is one of the top themes (besides everything AI) of the third-quarter earnings season. Even though most consumer companies beat expectations and raised FY25 guidance, notably Dollar General, Five Below, and Ulta, management teams highlighted an unsettling financial squeeze on working-class and lower-income consumers.
Readers have seen in prior notes how the "K-shaped" economy has divided consumers into two groups. Now that earnings season is wrapping up this week, it's worth drilling deeper into what corporate executives of these companies are saying.
Below, Goldman Sachs Managing Director Kate McShane highlights consumer health commentary from management teams across the stocks in her coverage universe.
"This quarter, many companies emphasized that consumers remain cautious and focused on value," McShane noted.
All commentary below from retailers reinforced the picture...
|
|
|
|
|
|
|
09.12.25 - 08:31
|
Goldman Sachs mit neuem Allzeithoch (LYNX)
|
|
|
Die Aktie von Goldman Sachs erreicht ein neues Allzeithoch und setzt damit ihren Aufwärtstrend fort. Könnte der Kursanstieg in diesem Tempo weitergehen?...
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
