Broker Research: Sector, Macro and Strategy Notes

Morgan Stanley·2026-09-17Sector

002371.SZ688012.SHACMRChina WFE spending: MS forecast2028

Goldman Sachs·2026-09-17Strategy

S&P 500: GS 12-month target12m

J.P. Morgan·2026-09-17Macro

Bernstein·2026-09-17Sector

JSW.NSRNW.USTPWR.NSADANIGR.NSNTPCGREE.NS

Nomura·2026-09-17Macro

Fed funds rate (EOP): Nomura forecast2026

Barclays·2026-09-17Macro

Japan AI-related goods trade surplus: actualJan-Jul 2026

Bernstein·2026-09-17Sector

CFR.SWUHR.SWRMS.PASwiss watch exports growth: actualAug 2026

J.P. Morgan·2026-09-17Sector

0016.HK0388.HK

Morgan Stanley·2026-09-17Sector

BP.LSHEL.LTTE.PA

Deutsche Bank·2026-09-17Strategy

Morgan Stanley·2026-09-17Sector

2383.TW6274.TWO

Morgan Stanley·2026-09-17Sector

INCY.USAGMB.USARQT.USATTO.USCMPS.USRGNX.US

Morgan Stanley·2026-09-17Macro

Korea real GDP growth: MS forecast2026Korea CPI inflation: MS forecast2026BoK policy rate: MS terminal forecast

J.P. Morgan·2026-09-17Strategy

Morgan Stanley·2026-09-17Macro

Fed funds target range (upper): MS forecast1Q27

Bernstein·2026-09-17Sector

DTG.DE8TRA.DEVOLV-B.ST

Goldman Sachs·2026-09-17Sector

9432.T9434.T4755.T9433.T

Bernstein·2026-09-17Sector

OKTA PANWS.USCRWDFTNT.USNET ZS

Goldman Sachs·2026-09-17Sector

LLYAZN.LROG.SW

Bernstein·2026-09-17Sector

0135.HK2688.HK0384.HK1083.HK1193.HK

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

Greater China Semiconductors: China WFE: Stronger for Longer

US EQUITY VIEWS: Over-earning, but not an earnings bubble

Hong Kong’s First Five-Year Plan and 2026 Policy Address: From Blueprint to Execution

India Industrials and Infrastructure: India Renewables: 5 factors to identify winners...

US Economic Weekly: Hawk take

Japan Economics Focus: AI trade: Two stories

Global Luxury Goods: August Swiss watch exports-Global and Greater China exports turn positive on a 12-month basis

Hong Kong Property & Banks Policy Address & Five-Year Plan: No major surprises, but long-term positive

Energy: Key Takeaways from Our 2026 London Summit

dbMetals: The Whole Flow Report: When the Bells Ring Loudest

Greater China Technology Hardware CPO unlikely to disrupt high-end CCL demand in the near term

Biotechnology: MS Global Healthcare Conference Takeaways Day 3: INCY, RGNX, AGMB, ATTO, CMPS, ARQT

Korea Economics: Reaping the Economic Rewards from the Semiconductor Windfall

FX Macro Quant: More constructive on USD, but not on growth exceptionalism

US Economics and Fixed Income Strategy: September FOMC Reaction: Further hikes ahead

European Automobiles & Components: EU Trucks: Takeaways from the IAA Transportation trade show

JAPAN TELECOM SERVICES: Sector investment strategy: Signs of easing in mobile competition, shifting to growth phase on higher ARPU; Buy on NTT Softbank

U.S. SMID-Cap Software: Cybersecurity: Exuberant setup... sector fully valued?

GLOBAL HEALTHCARE: PHARMACEUTICALS: Assessing Oral SERDs for Adjuvant Breast Cancer: An Emerging Blockbuster Class; LLY’s Imlunestrant an Underappreciated Asset

Asia-Pacific Gas Distributors China Gas Utilities: A gas short world (for now)