Goldman Sachs goes bigger on the S&P 500

Goldman Sachs goes bigger on the S&P 500

Goldman Sachs raised its S&P 500 target to 8,000, citing AI-driven earnings optimism and stronger profit growth. The firm lifted its 2026 earnings estimate to 340, with 2027 seen at 385, and said rising profits have done most of the heavy lifting in the benchmark index. UBS Global Wealth Management also recently got more upbeat on the market.

Gobble's Take: The bulls aren’t arguing for magic anymore — they’re arguing for earnings, which is a much sturdier dinner table. Source: Perplexity Search (community news)

Foreign Treasury selling is the pressure point to watch

New data shows major foreign holders are dumping U.S. debt, including Japan at 47.7B, China at 41B, Luxembourg at 13.7B, Taiwan at 12.7B, Saudi Arabia at 10.8B, India at 7.6B, Canada at 6.9B, and the UAE at 5.8B. The note says when major holders reduce exposure, yields rise, and that higher yields can hit rate sensitive assets, especially mega cap tech and AI valuations. It adds that stock market strength is standing on tech, while rates are standing on Treasury demand.

Gobble's Take: If the market’s a tower, this is the part where everyone looks down and notices the wobbly floor. Source: Perplexity Search (community news)

South Korea’s crypto volume keeps losing to stocks

South Korea’s crypto trading volume fell to 8% of KOSPI activity in May this year, a sharp reversal from December 2024 when crypto trading beat stocks heavily. The report also says the gap widened after the crypto market decline in October 2025, while South Korean stocks continued to push toward record levels. It notes that negative Bitcoin Korea Premium data points to weaker local demand versus overseas crypto markets.

Gobble's Take: That’s not a nibble, that’s a full-blown shrug from traders who have clearly moved on to the next shiny thing. Source: Perplexity Search (community news)

In Case You Missed It

Yesterday's top stories:

• Market backdrop stays constructive
• Momentum still points up — but a pullback would not be shocking