Goldman Sachs
May 18, 2026
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Daily UpdateEquitiesMacro Economic IndicatorsCommoditiesUtilitiesInformation Technology
This Goldman Sachs daily update highlights disappointing Chinese economic data, narrow US equity market breadth, and potential M&A activity in the utilities sector.
Key Takeaways
- 1.Chinese economic activity slowed significantly in April, with industrial production and retail sales missing consensus estimates amid geopolitical tensions.
- 2.US equity market breadth has reached historically narrow levels, with only a small number of stocks driving the S&P 500 to record highs.
- 3.M&A activity in the utility sector is in focus as NextEra is reportedly in talks to acquire Dominion in a $66 billion stock deal.
Table of Contents
- Markets Right Now...
- 10 Things You Shouldn't Miss This AM...
- Noteworthy Economic Data that hit overnight...
- Keep an eye on the following events today...
- Early GS Ratings Changes...
- Notice to Australian Investors
- Additional Disclaimers
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Authors
Jack McKeonJohn Flood
Securities
NEEDSPXAnthropicBTC
Themes
Narrow Equity Market BreadthChina Economic WeaknessGeopolitical Risk (Middle East & Iran)
Regions
Asia PacificNorth AmericaEuropeChinaUnited StatesJapan