Goldman Sachs
June 15, 2026
Midday Market Intelligence
Daily UpdateEquitiesCommoditiesRates Govt BondsInformation TechnologyCommunication Services
US equities are moving higher on Monday, driven by a geopolitical resolution in the Strait of Hormuz. Investors remain focused on upcoming FOMC discussions and the shifting profitability landscape for AI-intensive tech companies.
Key Takeaways
- 1.US equities are rallying following a peace deal between the US and Iran and the reopening of the Strait of Hormuz.
- 2.The AI capex boom, while initially profitable for semiconductors, is expected to become a headwind to mega-cap tech Return on Equity (ROE) due to rising depreciation expenses.
- 3.Fed rate hikes are considered unlikely despite oil price shocks, as labor market conditions remain balanced and inflation dynamics differ from past crises.
Table of Contents
- Midday Market Intelligence: moving on...
- back to business: growth, rates, and AI
- Chart of the Day
- What to watch for
- Global Market Intelligence
- Disclosure Appendix
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Chris HusseySarah HerrKshitij Garg
Securities
S&P 50010-year US Treasuries
Themes
AI CapexGeopoliticsInflation
Regions
GlobalUnited StatesIran