Our Scans · (FS.1.00) Investment Banking · Weekly Summary

• [New] Banks such as JP Morgan and UBS expect gold prices to approach the historic threshold of $6,000 per ounce by December. Ecofin Agency
• [New] Goldman Sachs trimmed its target to $91, flagging that auto OEMs and suppliers are expected to deliver in-line to softer results this quarter due to rising input costs and weak Q1 auto sales in China. 24/7 Wall St.
• [New] Analysts at Goldman Sachs bumped up the probability of a U.S. recession in the coming 12 months to 30%, stressing that they, too, still expect two rate cuts because they see unemployment moving higher than the Fed's own projections. Guardian Capital
• [New] According to Goldman Sachs estimates cited by Bloomberg, a rapid reopening of the Strait of Hormuz could lead to Brent averaging around $82 per barrel in Q3 and $80 in Q4, while a delayed reopening by one month could push prices above $100 in the second half of the year. Stock Market Update
• [New] Wells Fargo analysts have already signaled that they no longer expect any rate cuts in 2026, citing persistent inflationary pressures from energy shocks. The Chronicle-Journal
• [New] Morgan Stanley is expected to handle smaller-ticket retail buyers through E Trade, while UBS and Citi are expected to manage parts of the international effort. / USA MEXC
• [New] Goldman Sachs Research forecasts a 160-165% increase in power demand by 2030 compared to 2023 levels. Brookings
• [New] If the Fed continues rate cuts as Morgan Stanley forecasts, mortgage rates could decline further. The Silicon Review
• [New] Goldman Sachs, Moody's Analytics and others in recent days have raised their odds of recession in the next 12 months, with a focus on threats from a slowing jobs picture and surging energy costs. CNBC
• Wall Street brokerages including Goldman Sachs still expect two Fed rate cuts before year end, projecting reductions in September and December. GlobeNewswire
• Goldman Sachs observed that AI-related hardware revenues could rise to over $700bn in 2026 Q4, underlining the scale of the ongoing investment cycle. Economic Times
• Morgan Stanley filing the lowest fee Bitcoin ETF during extreme fear proves institutions are competing to bring capital in. TechBullion
• If early data from firms like Goldman Sachs and Morgan Stanley holds true, we could see a secondary upward re-rating of Microsoft as it begins to capture a larger portion of the global corporate labour budget. FinancialContent
• If the Strait of Hormuz reopens, Goldman Sachs predicts a rapid recovery in sentiment and a potential relief rally for discretionary stocks like Tesla, Inc., which have been hammered by high interest rates and the luxury-buyer retreat. / Iran The Chronicle-Journal
• Recent Goldman Sachs studies highlight the risk that AI could displace tasks accounting for a significant share of work hours within a decade. The Fulcrum
• Goldman Sachs has advised against expecting a rate hike, pointing to factors such as a limited impact from oil price fluctuations, slowing wage increases, and the Federal Reserve's historical tendency not to react strongly to changes in energy prices. Bitget Exchange
• Globally, investment banks such as UBS estimate annual data-centre investment will approach half a trillion dollars by the late-2020s. European Council on Foreign Relations
• Analysts at Morgan Stanley and Bernstein maintain Overweight ratings, citing Exxon's geographic insulation from European geopolitical risks and its superior FCF generation. The Chronicle-Journal
• Goldman Sachs continues to forecast that gold could reach $5,400 per ounce by the end of 2026. Economic Times
• Morgan Stanley has a $650 target, and separately warned via Fortune that a transformative leap in artificial intelligence is imminent, driven by an unprecedented accumulation of compute at America's top AI labs. SAMexpert - Microsoft Cloud and Licensing Experts
• Goldman Sachs is sounding a cautious note on the U.S. economy, raising its inflation forecast and trimming its growth outlook in response to surging oil prices caused by disruptions to the Strait of Hormuz. Fortune
• The Goldman Sachs scenario - which predicts a six-week disruption of the world's key oil supply route followed by a return to normal within a month - is worth considering, and it would be wise to continue buying Brent on pullbacks. LiteFinance

Last updated: 16 April 2026