Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-08-29Strategy

Taiwan equities·Overweight

Morgan Stanley·2026-08-28Sector

AMT.USDLR.USEQIXSBAC.US

Bernstein·2026-08-28Thematic

Confectionery·Neutral

Goldman Sachs·2026-08-28Sector

051910.KS373220.KSKorea batteries·Overweight

Bernstein·2026-08-28Sector

CCLNCLH.USRCL.USVIK.USCruise lines·Overweight

Goldman Sachs·2026-08-28Macro

Korea aging drag on consumption growth: GS estimatenext decade

Nomura·2026-08-28Macro

CNY·OverweightUSD/CNY fix: Nomura model projection28 Aug 2026

Goldman Sachs·2026-08-28Macro

US Treasury curve 2s10s·Overweight

Bernstein·2026-08-28Thematic

SKHYNIX SMSN KIOXIA MU SNDK STX WDCMemory·Overweight

Bernstein·2026-08-28Thematic

Medtech·Neutral

Goldman Sachs·2026-08-28Sector

6762.T6976.T6981.TJapan electronic components·Overweight

Morgan Stanley·2026-08-28Sector

BMY.USUS major pharma·Neutral

Goldman Sachs·2026-08-28Macro

US rates·NeutralUS 2y Treasury yield move: actualAug 28 2026

Morgan Stanley·2026-08-28Macro

Morgan Stanley·2026-08-28Sector

GECommercial aerospace·Overweight

Goldman Sachs·2026-08-28Sector

US internet·Neutral

Bernstein·2026-08-28Strategy

High FCF growth·OverweightAsia tech·Neutral

Goldman Sachs·2026-08-28Sector

AMZNCHWY.USETSY.USeCommerce·Overweight

Goldman Sachs·2026-08-28Strategy

2330.TWTaiwan tech ex-TSMC·OverweightTaiwan industrial production: actualJul 2026

Goldman Sachs·2026-08-28Macro

UK GS trimmed core (sequential): actualJul 2026

Research: Broker notes on sectors, macro, rates and strategy

ASIA-PACIFIC WEEKLY KICKSTART MXAPJ closed flat ahead of Jackson Hole

Communications Infrastructure: 2Q26 Institutional 13F Positioning-OW EQIX and OW AMT Under-Owned

Weekend Consumer Blast: HOW much is my chocolate bar?!

Asia Batteries: Behind-the-meter growth thesis accelerates following US executive order; Buy LG Chem and LGES

Global Hotels & Leisure: Cruise: A primer on Cruiselines in 2026

Asia Economics Analyst: KKorea’s Consumption: Young AI Boom Meets Aging Baby Boomers

USD CNY fix model: Projection: 6.7195

Global Rates Trader: Back to Front-End

Global Memory: An AI memory primer

U.S. Medical Devices + U.S. Life Science Tools & Diagnostics U.S. Medtech Tools: Highlights from our Makings of Medtech private company symposium

Japan Electronic Components: July MOF trade data (MLCC.US): mom increase in volume value likely driven by smartphone seasonality

Biopharma: A picture is worth a thousand words

USA In Hawkish Jackson Hole Debut Chairman Warsh Says the Feds Predominant Focus

US Economics Weekly: Prices up, costs flat, profits soar

Aerospace & Defense Flyby: Aircraft Demand Remains Resilient Despite Air Traffic Softness

AMERICAS TECHNOLOGY: INTERNET,Q2’26 EPS Review & Communacopia + Tech Conference Preview: Where to from Here?... San Francisco (of course)

Asia Quant Strategy: Free Cashflow growth matters, especially in Tech...but the cycle is in late stages

2026 Global eCommerce Handbook: Assessing the Industry in an Increasingly Agentic World

TAIWAN WEEKLY KICKSTART TAIEX gained 2 led by ex-TSMC Tech supported by strong

G10 INFLATION MONITOR: Monthly GS Trimmed Core Ticks Up Outside of Japan