David Kostin

Jan Hatzius, Chief Economist at Goldman Sachs, and David Kostin, Head of U.S. Equity Strategy, tackle the macroeconomic uncertainties as we approach 2025. They discuss the potential impacts of new administration policies on tariffs and inflation, emphasizing how these factors affect market dynamics. The duo explores the balance of investor sentiment amid high valuations, the role of AI in shaping market expectations, and the complexities of economic growth linked to migration trends. Their insights provide a roadmap for navigating the turbulent waters of today’s economy.

David Kostin, Chief US equity strategist at Goldman Sachs Research, and Owen Lamont, Senior VP and portfolio manager at Acadian Asset Management, delve into market concentration and investor fears. They discuss how the top 10 S&P 500 stocks dominate the market, potentially leading to lower long-term returns. They also debate whether concerns about volatility and risk are overstated and explore how AI and geopolitical factors might influence future market stability. Their insights challenge the conventional wisdom surrounding concentrated investments.

David Kostin, a US equities expert from Goldman Sachs Research, and Ryan Hammond from the portfolio strategy team discuss the remarkable 25% rally of the S&P 500 this year. They dive into the impact of mega-cap tech stocks and the potential for mid-cap equities. The duo also examines the cyclical phases of the AI industry, emphasizing key players like NVIDIA. Additionally, they share insights on the upcoming earnings season, investor sentiment, and projections for the S&P 500 leading up to 2025, reflecting optimism amid uncertainties.

David Kostin, Chief US equity strategist at Goldman Sachs Research, discusses the sustainability of the US stock market rally, including the dominance of AI companies, Nvidia's underperformance, market valuations, interest rates, election uncertainties, investor positioning, demand for US stocks, and the transition from active to passive funds.

David Kostin, Chief US equity strategist at Goldman Sachs, shares his insights on the current tumultuous market. He labels the 'Magnificent Seven' stocks as the 'Maleficent Seven' due to their negative impact this year. Kostin lowers the S&P 500 price target for 2025 to 6,200, citing economic uncertainty. He discusses strategies for navigating market volatility, emphasizing diversification and investing in less sensitive stocks. The conversation also touches on adapting to the rise of AI and the importance of mental health resources during these turbulent times.

David Kostin, Chief US equity strategist at Goldman Sachs, shares his expert insights on M&A activity and the S&P 500. He discusses the anticipated easing cycle by the Federal Reserve and its implications for stock prices. Kostin emphasizes investing in small and mid-sized businesses, targeting acquisition-ready companies for high risk-adjusted returns. He also explores the strategic focus on stocks with merger potential ahead of regulatory changes in 2025, highlighting the importance of diversification in a volatile market.

David Kostin, Goldman Sachs' chief U.S. equity strategist, shares insights on the market's recent downturn, highlighting a raised recession risk and lowered S&P target. Willie Walker, CEO of Walker & Dunlop, discusses the implications of Fannie Mae and Freddie Mac's potential privatization on the housing market. The conversation also touches on the forthcoming ‘Liberation Day’ tariffs, the struggles of the airline sector, and how AI is transforming the insurance industry.

Goldman Sachs Chief US Equity Strategist David Kostin shares insights on S&P 500 target of 5200 by year-end, analyzing economy, earnings, evaluation, and money flow. Discusses market outcomes post-election, Federal Reserve actions, and investor considerations. Explores retail investors' influence on markets, meme stock mania, and identifies true market drivers.

Tech stocks are driving equities to new highs with a focus on artificial intelligence. The episode analyzes market risks, S&P 500 influence, price targets, inflation indicators, and upcoming earnings reports. A call to action is made for listeners to delve deeper into insights on GS.com

Cathie Wood, Founder and CEO of ARK Invest, is renowned for her focus on high-growth companies. Cliff Asness, from AQR Capital Management, specializes in value investing, while David Kostin is the Chief U.S. Equity Strategist at Goldman Sachs. They dive into the tumultuous equity markets, discussing how inflation and rising rates are reshaping investment strategies. The conversation highlights the evolution of technology, the transition from growth to value stocks, and the potential of disruptive innovations like AI, urging a strategic reevaluation for investors.