Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-09-02Strategy

US 2s10s curve·OverweightUS GDP growth: JPM forecast2026 q4/q4US core PCE: JPM forecast2026 q4/q4

Morgan Stanley·2026-09-02Sector

European banks·Overweight

J.P. Morgan·2026-09-02Sector

China insurance·Overweight

Barclays·2026-09-02Thematic

Data center power·Neutral

J.P. Morgan·2026-09-02Sector

1109.HK1209.HKBEKE.USChina Resources Land·OverweightCR Mixc·Overweight

Goldman Sachs·2026-09-02Macro

CNY·OverweightChina fixed income·OverweightCNY appreciation vs USD: GS forecastper year

Bernstein·2026-09-02Sector

BRBY.LCFR.SWKER.PARMS.PAGlobal luxury·Neutral

Goldman Sachs·2026-09-02Macro

Diesel·OverweightBrent spot fair value: GS estimatecurrent

Citi·2026-09-02Sector

2228.HK3696.HK688222.SHInsilico Medicine·OverweightAI drug discovery·Overweight

Goldman Sachs·2026-09-02Strategy

002594.SZ6701.TKTKM.BONTESKotak Mahindra Bank·OverweightNEC·Overweight

Morgan Stanley·2026-09-02Sector

AFX.DEAMP.MICOLO-B.COCTEC.LDEMANT.COSOON.SWHearing aids·OverweightEuropean medtech·Neutral

J.P. Morgan·2026-09-02Strategy

Energy·OverweightSoftware·UnderweightPrecious metals·Overweight

Citi·2026-09-02Strategy

US equities·OverweightDuration·UnderweightCredit·UnderweightGold·Overweight

J.P. Morgan·2026-09-02Strategy

Global equities·Neutral

J.P. Morgan·2026-09-02Strategy

India consumer·Overweight

J.P. Morgan·2026-09-02Sector

5274.TWO6669.TWDELLAsia AI server supply chain·Overweight

J.P. Morgan·2026-09-02Sector

China property developers·Neutral

Morgan Stanley·2026-09-02Macro

J.P. Morgan·2026-09-02Sector

300750.SZCATL·Overweight

HSBC·2026-09-02Strategy

US equities·OverweightSemiconductors·Overweight

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

Global Markets Outlook Positioning for the Next Investment Cycle

European Banks - Europe-Capex Cycle Broadening Out -Remain Positive

China Insurance 2Q26 League Table: Solvency strength backs higher payouts

Powering AI-The Politics of Data Centers

Property Data Monitor Mainland China-first land requiring completed-home sales is up for sale after the 828 policy; HK-divergent sell-through rates

Why Beijing may favor gradual RMB appreciation

Global Luxury Goods-Another Chinese false dawn-

Oil Tracker The Dark Transit Rises; Rolling Our Diesel Hedging

China Healthcare AI-led Drug Discovery the Next Big Thing-Top Pick Insilico

GS APAC Conviction List Sept Update Add Kotak Mahindra Bank

European MedTech-Reset, Recovery, and Re-ratings

Retail Radar Sep 2 – Energy over Software, Precious Metals over Miners

THE CHIEF INVESTMENT OFFICE PERSPECTIVE: THE SHORT AND LONG 2026 Q2 Macro Investment View

Flows & Liquidity Quantity-based vs. price-based financial conditions metrics

APAC Consumer The Compass-The Consumer Is More Selective; We Are Too

PCs and Servers: Read-through from Dell’s Jul-26 earnings

China Property Expert call takeaways on pre-sales phaseout

The Viewpoint-China’s Deleveraging-deflation Risks Re-emerge

China Battery & Materials September production remains strong despite material shortages; CATL continues to lead

On Warsh and AI