Hints and tips:
...Even smaller stocks are finally catching up a little, with the Russell Midcap index (+4.3 per cent) and the Russell 2000 (+3.6 per cent) leading the Russell 1000 (+3.2 per cent) in March, notes Bank of America...
...Almost a third of all Russell 2000 companies are now unprofitable, compared with about 5 per cent two decades ago, according to Goldman Sachs. Why?...
...This chart from Goldman Sachs sure is depressing interesting: While “software and services” workers are doing pretty well, it looks like that could change, says GS....
...Russell Horwitz, Goldman’s chief of staff, pushed back on the notion of unrest in the UK team, saying: “I was in London this past week meeting with dozens of partners and I found everyone to be focused and...
...“I’ve been investing in small-caps for almost 30 years and you haven’t seen big money moving into the space since 2016 or 2017,” said Greg Tuorto, a small-cap portfolio manager at Goldman Sachs Asset Management...
...Rogers, 67, is handing over his responsibilities to Russell Horwitz, a former Goldman partner who left the group in 2020, the bank announced in a memo to staff on Tuesday....
...Rogers, 67, is handing over the role to Russell Horowitz, a former Goldman partner who left the bank in 2020 and most recently worked at Citadel, the bank announced in a memo to staff on Tuesday....
...Additional contributions from George Russell and Benjamin Wilhelm...
Chinese e-commerce group PDD Holdings is taking on Amazon, but what do we really know about the company?
...Besides attractive starting valuations, the most important factor for the Russell 2000’s prospective returns is economic growth, said Goldman’s Hammond....
...BAE Systems’ pension scheme has appointed Goldman Sachs Asset Management to oversee its £23bn of defined benefit assets, the largest mandate of this kind in the UK to date....
...This is admittedly only roughly half these stocks’ weight in the Russell 3000, but it looks like this has likely been a major contributor to their outsized rally this year....
...“The weirdness continues,” said Andrew Pease, chief investment strategist at Russell Investments in London. “The way things have shifted is weird.”...
...But to say there are hundreds of companies in the Russell 3000 that are [wildly overvalued] strains credulity for me....
...The Brics was formalised in the aftermath of the financial crisis drawing on a classic jazzy bankers’ acronym — it was coined by Goldman Sachs economists — when their interests were more aligned than now...
...Goldman Sachs and UBS have upgraded their year-end forecasts for the S&P 500 this year, and this month Bank of America raised its year-end prediction to 5,400 — about 5 per cent above the index’s current...
...While some overwrite on the S&P 500® index, others overwrite on the Russell 2000 or Nasdaq 100 indices, or even single stocks and sectors (not surprisingly, mega-cap Tech buy-write funds have been particularly...
...In the chart below, we use Goldman’s (relatively pessimistic) forecast for a 4.2 per cent annualised rise in core PCE inflation in January....
...Additional contributions from George Russell and Gordon Smith...
Can the US regain a leading role in advanced chip manufacturing?
...Luckily, David Kostin, chief US equity strategist at Goldman Sachs, is here to put us right. “Does anyone know where this name comes from? The Magnificent Seven?”...
...As a rule, early cycle is when you want to own the Russell....
...No recession means no reason to cut rates, and nearly a third of Russell 2000 debt is floating rate (versus 6 per cent for the S&P), notes Goldman....
...The Russell 2000 index of smaller companies is about 20 per cent below its 2021 peak. You might still cling to the stellar 3.3 per cent annualised growth rate last quarter....
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