PremiumGoldman Partner: "Demographics (Multiplied By Agentic Deployment) Are Destiny"
Goldman Sachs Partner, Mark Wilson’s must-read 'Weekly Mash' is still a rates note at its heart, but the subject takes a sharp turn halfway through. (available here in full for pro subs)
US yields look exhausted after a quarter-end flush, softer core PCE and a Fed that has talked itself off an October hike. The stress he is actually watching has moved to Europe, into credit, and then, almost as an aside, into who now owns the AI story.