
Goldman Sachs has reported a mixed outlook on market sentiment and economic indicators. The firm's Twitter Sentiment Index has seen a significant decline in the past week, suggesting a downturn in investor sentiment. However, earnings sentiment in the United States has notably improved, with upgrades outpacing downgrades in recent weeks. Additionally, the Citi Earnings Revisions Index has turned positive after six consecutive weeks of downgrades exceeding upgrades. Despite these positive earnings revisions, Goldman Sachs' Global MAP Surprise Index has turned negative, reflecting softer manufacturing and labor data. The firm also forecasts substantial policy rate declines across most economies within the next 12 months, indicating potential shifts in monetary policy as economic conditions evolve.
GS: We Forecast Significant Policy Rate Declines in Most Economies in the Next 12 Months https://t.co/drMmAj7Uo6
Manufacturing Has Improved but Progress Appears to Be Stalling Goldman https://t.co/I6skhOVxkl
Manufacturing has soared to new heights in 2024. But it may have hit a plateau. https://t.co/6gxOv09oKc