Welcome to Markets Desk, here's what's moving the needle right now.
Goldman Sachs strategists are pushing back on bubble concerns even as corporate earnings continue to outpace the broader economy by a significant margin. A team led by Ben Snider sees S&P five hundred earnings per share growth moderating to eleven percent in both two thousand twenty seven and two thousand twenty eight, suggesting the expansion is maturing but not breaking.
Shifting to global equities, RV Capital's Rob Vinall is making a conviction call on Chinese stocks, drawing on Buffett-style principles to justify the position. Vinall points to depressed valuations and founder-led management structures as the core thesis, arguing that the market is pricing in far too much pessimism relative to the underlying business quality on offer.
And from the geopolitical front, a story with direct commodity implications — President Trump pressed Ukrainian President Zelenskyy in a phone call to halt drone strikes on Russian oil refineries. Officials say Trump framed the conversation squarely around fuel supply, reportedly telling Zelenskyy it's all about, quote, diesel, diesel, diesel, signaling Washington's concern about energy market disruption feeding back into domestic prices.
That's the tape. Markets Desk, signing off the floor.
