Goldman Sachs
June 15, 2026
Global Equities Call
Daily UpdateEquitiesRates Govt BondsCommoditiesInformation TechnologyHealth Care
Global markets rallied on news of a US/Iran agreement regarding the Strait of Hormuz. Goldman Sachs analysts remain focused on the impact of AI capex on mega-cap tech returns while highlighting Healthcare conference takeaways.
Key Takeaways
- 1.Global equities rallied on news of a formal US/Iran agreement to re-open the Strait of Hormuz.
- 2.Mega-cap tech ROE is under pressure due to heavy AI capital expenditure requirements, despite record aggregate S&P 500 profitability in Q1 2026.
- 3.Healthcare sector sentiment shows a modest bias toward outperformance, with M&A/BD activity remaining a key driver.
Table of Contents
- WHAT WE'RE WATCHING
- US Weekly Kickstart- The impact of the Al capex boom on S&P 500 return on equity
- GS HC Conference Takeaways
- STANDOUTS FROM LAST WEEK
- GS RATING AND CONVICTION LIST CHANGES
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Matthew KaplanJonathan HurvitzChloe GarberLilly Belt
Securities
NVDAMMM
Themes
AI Infrastructure CapexGeopolitical Stability
Regions
Asia PacificMiddle EastEuropeUnited StatesIranChina
Related Reports
Americas Retail: Takeaways from Management, Freight, and Inflation
Jun 15, 2026
China Consumer Connection Online Brand Tracker
Jun 15, 2026
China Shipping And Ports Investor Day Takeaways
Jun 15, 2026
Americas Retail Specialty Hardlines Analyzing The Impact Of Best Buy And Meta’s Partnership On Eyewear Retailers
Jun 15, 2026
Building Products Lennar Corporation Read Through From 2Q26 Results
Jun 15, 2026