Global Equities Call

This report details a risk-off morning in equity markets driven by geopolitical concerns and global tech weakness. It also provides a preview of upcoming US inflation data and discusses record-high trading volumes in levered ETFs.

Key Takeaways

• 1.Market is in risk-off mode with weakness in global technology stocks following geopolitical tensions.
• 2.Focus on May CPI data with Goldman Sachs Research forecasting a 0.17% core CPI increase, below consensus.
• 3.Record ETF volume observed, specifically in SOXS, signaling increased hedging and macro-product usage.

Table of Contents

• WHAT WE'RE WATCHING
• GS ETF Color
• STANDOUTS FROM YESTERDAY
• EARNINGS: Post: ORCL
• GS RATING AND CONVICTION LIST CHANGES