Report published June 1, 2026

US Equities Color: Under the Hood - Goldman Sachs Research (June 2026)

Goldman Sachs · June 1, 2026

US equities finished mixed as software saw historic outperformance and M&A activity surged in the consumer sector. Derivatives markets signaled technical extremes with the lowest S&P put-call skew in 24 years.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Software has experienced extreme outperformance relative to the S&P 500, marking its largest two-day stretch of outperformance in over 25 years.
2.Significant M&A activity in the consumer and housing sectors, highlighted by Berkshire Hathaway's $7B acquisition of Taylor Morrison Home Corp (TMHC).
3.Equity derivatives show a persistent positive spot/volatility correlation, with S&P put-call skew reaching 24-year lows.

Software
Consumer
Derivs
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Report data

US Equities Color: Under the Hood Header

Metric	Estimate	Context
S&P 500 Price	7,560 Index Points	Closing price with $3.05bn MOC sell interest
TMHC Acquisition Price	7 USD Billions	Berkshire purchase in cash
IGV Call Option Volume	280,000 Contracts	Biggest volume day ever
US 10YR Yield	4.45 Percent	Treasury yield movement