GSTMTAIR Research Hub

As of March 25, 2025, the research indicates a prevailing risk-off environment characterized by significant de-grossing in US equities, specifically within the technology and financial sectors. Market sentiment in the technology space has been dampened by renewed concerns regarding artificial intelligence, triggered by recent updates from Anthropic. Consequently, software performance has lagged significantly behind semiconductors as investors reassess sector valuations and development cycles. Geopolitical uncertainty remains a primary driver of market volatility, as conflicting reports emerge regarding a potential US-led 15-point peace plan for Iran versus actual military troop movements. This instability has heightened focus on the energy sector, with Goldman Sachs strategists projecting oil prices to reach approximately $115 per barrel in April. The anticipated price peak is largely attributed to escalating risks surrounding the potential closure of the Strait of Hormuz. Overall, the research highlights a complex interplay between sectoral de-risking and macroeconomic shifts driven by energy supply fears and geopolitical tensions.