Good morning and welcome to Markets Desk. Here is your Monday briefing.
Wall Street is opening the week on a cautiously optimistic note, with Dow futures climbing as traders brace for a heavy calendar ahead. Earnings season is in full swing and a Federal Reserve policy decision looms, though concerns around AI spending continue to weigh on sentiment after markets closed lower Friday.
That AI anxiety is showing up globally as well. Goldman Sachs has slashed its forecast for South Korea's Kospi index by twenty-five percent, citing a compression in the growth multiples investors are willing to pay for AI-linked stocks alongside a broader rise in volatility. Goldman strategist Tim Moe sees the Kospi as a leading indicator for the global AI trade, and that cut is a meaningful signal for anyone watching tech exposure worldwide.
Meanwhile, beneath the surface of an S&P five hundred index hovering near record territory, the picture is far less uniform than the headline number suggests. A financial advisor with over a decade of experience notes that eighty-two percent of index constituents sit at least ten percent below their own highs, with sixty percent down twenty percent or more, making a concentrated bet on names like Nvidia look increasingly compelling to selective bulls.
That's the tape. Markets Desk, signing off the floor.
