About these summaries
Octagon has summarized 35 episodes of The Markets published between Feb 13, 2026 and Nov 6, 2026. The companies discussed most often are Goldman Sachs and Goldman Sachs Asset Management. Frequent guests include Peter Callahan, Anshul Sehgal and Jerome Dortmans. Each summary lists key takeaways, short timestamped quotes and the companies and tickers mentioned, with a link to the full episode.
Most-mentioned tickers
- GS 28
Most-mentioned companies
- Goldman Sachs 30
- Goldman Sachs Asset Management 2
Frequent guests
- Peter Callahan 3
- Anshul Sehgal 2
- Jerome Dortmans 2
- John Flood 2
- Lee Coppersmith 2
- Shawn Tuteja 2
Episodes
- The US Midterms: Reshaping the Stock Market
Lou Miller says the market rotation that was already underway before the midterms likely continues into year-end, with investors still positioned defensively after a difficult…
- Bullish Options Trades Slow amid AI Uncertainty
Lee Coppersmith said the market took the latest Fed meeting in stride, with the S&P options market pricing a 60 to 65 basis point move and equities digesting the press conference…
- Why Investors Are Reducing AI Exposure
Rich Privorotsky says the market’s crowded “long AI, short everything else” trade is unwinding as investors reassess three linked risks: higher capital costs, power and financing…
- How Higher Rates and AI Issuance Are Affecting Credit Markets
Credit markets remain resilient despite a hotter CPI print, with Alex Finston arguing that the bigger question is not just inflation, but how rates interact with the AI growth…
- Hedge Funds Are Cautious on Stocks amid Rates and Energy Volatility
Mark Wilson says the dominant forces in European markets are higher rates, higher oil prices, and the resulting inflation shock, with Europe more exposed to energy than to rates…
- Al Is Becoming a Stock Picker's Market
AI and tech are still in a bullish trend, but Peter Callahan says the trade has become much more selective.
- The Bond Market May Be the Stock Market's Biggest Risk
Tony Pasquariello argues that the biggest near-term risk to equities is the bond market, not an immediate collapse in growth.
- The Opportunities for Investors amid Higher-for-Longer Interest Rates
Anshul Sehgal argued that the latest Federal Reserve meeting reinforced a higher-for-longer rate backdrop, with the committee united around two hikes this year and a belief that…
- What a Fed Rate Hike Could Mean for US Stocks
Jonathan Shugar argued that the market is already pricing in a Fed hike next week after the hotter August CPI print, with about 84% odds for a move and 50 bps by year-end.
- What Is the Outlook for Diesel and Gasoline Supplies?
Nitin Jindal said the most surprising part of the Strait of Hormuz disruption has been the market’s resilience, with prices staying within a tolerable range despite what he…
- Why US Equity Returns Are Broadening Beyond AI Stocks
Shawn Tuteja argues that US equities are broadening beyond the narrow AI trade because earnings are strengthening across the market, not just in mega-cap technology.
- How Inflation and Fiscal Policy Are Driving US Treasury Markets
Mike Mitchell says the latest CPI report was close to expectations, but soft enough in the details to slightly lower the market’s path for inflation and keep the Fed on hold in…
- Why US Stocks May ‘Grind Higher’
Ashok Varadhan said he thinks U.S. stocks can keep drifting higher, even after July’s violent momentum unwind and the V-shaped rebound in tech.
- Are Hedge Funds Still Bullish on AI Stocks?
Hedge funds have been cutting exposure to AI and tech after a sharp momentum unwind, but Vincent Lin argues the move looks more like a crowded-trade reset than a break in…
- How Earnings, Volatility, and AI Capex Are Affecting US Markets
Brian Garrett says earnings season is arriving with a very high bar for US equities.
- Why the US Dollar Could Continue to Strengthen
Brian Dunne argues the dollar can keep strengthening because the market is still underpricing several supportive forces: a more hawkish Fed, persistent US exceptionalism tied to…
- Why US Stocks Could Climb Higher
John Flood said the recent volatility does not change his core view that US stocks remain in “buy dip mode.” He pointed to the coming Russell rebalance, record trading activity…
- The Outlook for AI-Related Stocks and US Interest Rates
Muhammad Qubbaj said the latest payroll and CPI data showed an economy that is still resilient, and he argued the market has largely re-priced the Federal Reserve path to fit…
- Will European Equities Outperform the S&P?
European equities have rebounded strongly, but Sharon Bell argues the rally has been driven more by earnings breadth than by a single hot theme.
- Can the Tech Surge Continue?
Tech’s recent surge is being driven by narrow leadership, fast momentum, and improving earnings rather than a broad-based rally.
- Why Rates Could Keep Rising
Phillip Lee argued that the rise in US Treasury yields is being driven by several forces at once: sticky inflation risks, resilient growth and risk assets, heavier fiscal…
- A Tale of Two Markets
U.S. equities are being pulled in two directions: a narrow AI-led rally and a softer “rest of the market.” Shawn Tuteja argues that the S&P 500 and Nasdaq gains are being driven…
- How to Trade Oil Now
Jerome Dortmans said oil’s drop from its recent peak reflects a market that has moved from panic to negotiation, with the cease-fire removing part of March’s risk premium.
- Riding the AI Wave
Anshul Sehgal argued that the Fed’s latest meeting was only a minor shift in tone, not a policy pivot.
- Big Opportunities in Small Cap Equities
Small-cap equities have had several years of underperformance, but Greg Tuorto argues the setup is improving as rates stabilize and a stronger earnings cycle emerges.
- Chase or Fade the Rally?
US equities’ rebound to all-time highs is being driven by a willingness to look through a crowded list of macro and geopolitical risks, according to Bobby Molavi.
- Big Tech Opportunity
Lee Coppersmith says the market’s sharp rebound after the ceasefire headlines sits on top of a month of heavy derisking, with clients shorting equity futures, ETFs, and buying…
- “I’d Rather Be a Bond”
Bond yields have moved sharply higher as markets reprice the effects of the Iran conflict as an energy-driven inflation shock.
- "The Market Is Fragile"
John Storey argues that markets are already defensive, heavily hedged, and surprisingly resilient despite a cluster of shocks.
- Untangling Signals of Market Stress
John Flood says markets are being driven less by economics and more by geopolitics, with “extreme uncertainty” and no clear off-ramp to the conflict.
- New Worries
A weaker-than-expected payrolls report added to an already unsettled market, but Josh Schiffrin said the bigger driver is still geopolitics and energy.
- $120 Oil Ahead?
Jerome Dortmans said the oil market’s initial rally after the Iran conflict began was still too small relative to the supply at risk.
- A New Way to Trade Emerging Markets
Emerging market equities have rallied sharply in 2026 because of two main supports, according to Stratford Dennis: strong inflows and better fundamentals.
- Tech Comeback Ahead?
US tech has lagged the market this year even as enthusiasm for generative AI stays high.
- “Still Bullish Gold”
Gold’s recent volatility is being driven less by a change in the long-term thesis than by positioning and options activity.
The Markets, its episodes and artwork belong to Goldman Sachs. Octagon is not affiliated with the show; these pages are independent summaries.
