First Look With Surveillance: Goldman Hedge, China Pivot

The transcript covers various financial market updates, including the impact of Federal Reserve policies on global markets, European market reactions to US economic data, and Goldman Sachs' outlook on economic recession. It also discusses China's COVID-19 situation and its economic implications, US-EU trade and climate policy, and notable US stock market movements.

What is the potential impact of good economic data on risk assets?

• It always results in a positive market reaction.

• It has no impact on risk assets.

• It leads to increased investment in risk assets.

• It can be negative for risk assets.

Which currency was the big underperformer among Asian currencies?

• Indian Rupee

• South Korean Won

• Chinese Yuan

• Japanese Yen

What was the impact of strong US services data on European markets?

• It led to a surge in European utility stocks.

• It weighed on European stocks.

• It had no effect on European markets.

• It boosted European stocks.

What is the argument for a soft landing according to Goldman Sachs?

• Inflation is no longer a concern.

• The economy is already in a recession.

• Cyclical sectors are outperforming despite recession fears.

• The Federal Reserve will stop raising rates.

Which sectors are leading the market rallies according to David Costen?

• Technology and Healthcare

• Cyclical sectors like Industrials and Financials

• Utilities and Consumer Staples

• Real Estate and Energy

What is the current situation regarding COVID-19 testing in China?

• Testing is only conducted in rural areas.

• There is a pullback in testing in major cities.

• Testing has been completely stopped.

• Testing has increased significantly.

What is a major concern regarding healthcare access in China?

• Uniform access to healthcare across all regions

• Divergent access to healthcare between urban and rural areas

• Lack of healthcare facilities in urban areas

• Excessive healthcare facilities in rural areas

What are the US and EU considering in response to the climate crisis?

• Increased trade with China

• Reducing tariffs on Chinese goods

• Joint investments in Chinese industries

• New tariffs on Chinese steel and aluminum

Which stock surged due to strong revenue forecasts despite IT budget cuts?

• Apple

• Microsoft

• Tesla

• GitLab

What was the reason for the upgrade of GE's stock by Oppenheimer?

• Decline in its energy sector

• Strong performance in its healthcare division

• Weak performance in its aviation business

• Strength in its aviation business