Midday Market Intelligence: singing the blues

研报英文原文证据摘录

Midday Market Intelligence: singing the blues

Goldman Sachs Midday Market Intelligence

Schneider’s Oct-6-25 note on NVDA). And on the debt front, the sheer magnitude of

capex needed to fund the AI revolution, including technology, digital and physical

infrastructure, and power demand will require a diverse, and equally large, range of

sources, as Amanda Lynam, Alex Blostein, Carly Davenport, and Adam Bubes discuss in a

Jun-8 podcast, “Research Unplugged: Funding AI Infrastructure.”

Chart of the Day

Aging, rapidly falling fertility rates, and declining young populations in developed

economies are increasingly influencing spending shifts and consumer demand, creating

both headwinds and tailwinds for a wide range of industries, products, and companies,

writes Evan Tylenda in “How Aging and Declining Populations Will Drive Product and

Company Demand Tailwinds/Headwinds.” Using our new Demographic-Driven Demand

(DDD) framework, Pharma & Biotech, Utilities, Med Tech, Staples Retail, Multiline Retail

are the top five industries best positioned to benefit from the demographic shift, while

Public Transit (Vehicle/Rail), Airports, Tech Hardware, Autos, Consumer Capital Goods

could experience some headwinds. Prefer to listen? Click into a webinar at 9 AM on June

24th for a full discussion. Register “here.”

Exhibit 1: The developed world has likely reached peak consumer population aged 35-55,

and will be significantly lower under zero migration / low fertility scenarios in the future

Population distribution by age cohorts 0-100+, 2024-2050 medium variant

Source: UN Population Prospects, Data compiled by Goldman Sachs Global Investment Research

What to watch for

Focus on the June S&P Global US Manufacturing survey on Tuesday. In micro, ATD