{"id":53293,"date":"2025-09-18T12:38:42","date_gmt":"2025-09-18T16:38:42","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/goldman-sachs-appoints-new-us-equity-strategist-amidst-falling-mortgage-rates-trump-prioritizes-ai-power-infrastructure\/53293\/"},"modified":"2025-09-18T12:38:42","modified_gmt":"2025-09-18T16:38:42","slug":"goldman-sachs-appoints-new-us-equity-strategist-amidst-falling-mortgage-rates-trump-prioritizes-ai-power-infrastructure","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/goldman-sachs-appoints-new-us-equity-strategist-amidst-falling-mortgage-rates-trump-prioritizes-ai-power-infrastructure\/53293\/","title":{"rendered":"Goldman Sachs Appoints New US Equity Strategist Amidst Falling Mortgage Rates; Trump Prioritizes AI Power Infrastructure"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> has appointed <strong>Ben Snider<\/strong> as its new Chief US Equity Strategist, succeeding the retiring <strong>David Kostin<\/strong>, a significant leadership change in the firm&#39;s influential research division.<\/li>\n<li><strong>US 30-year mortgage rates<\/strong> have experienced a notable decline, dropping to <strong>6.26%<\/strong>, a development that could offer some much-needed relief and stimulate activity in the housing market.<\/li>\n<li><strong>Donald Trump<\/strong> is reportedly aiming to fast-track major power projects across the United States to address the rapidly increasing energy demands posed by the burgeoning <strong>Artificial Intelligence (AI)<\/strong> sector.<\/li>\n<li>Geopolitical tensions remain a focal point, with <strong>Israel Police<\/strong> reporting a drone crash in <strong>Eilat<\/strong> following earlier military reports of a &quot;hostile aircraft infiltration.&quot;<\/li>\n<\/ul>\n<p>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) has announced a key leadership transition within its highly influential US equity strategy team. <strong>Ben Snider<\/strong> has been appointed as the new Chief US Equity Strategist, taking over from the veteran <strong>David Kostin<\/strong>, who is retiring. Kostin has long been recognized as a top expert in US stocks, and his departure marks the end of an era for the firm&#39;s market analysis. <em>The appointment of Snider signals a new chapter for Goldman Sachs&#39; equity outlook, which is closely watched by investors globally.<\/em><\/p>\n<p>In economic news, <strong>US 30-year mortgage rates<\/strong> have shown a significant downward movement, falling to <strong>6.26%<\/strong>. This drop could prove beneficial for prospective homebuyers and the broader housing market, potentially <em>stimulating demand and refinancing activity<\/em> after a period of elevated rates. Lower borrowing costs typically make homeownership more accessible and can provide a boost to real estate transactions.<\/p>\n<p>Meanwhile, on the policy front, <strong>Donald Trump<\/strong> is reportedly pushing for an acceleration of major power projects across the nation. This initiative is aimed at meeting the escalating energy requirements of the rapidly expanding <strong>Artificial Intelligence (AI)<\/strong> industry. <em>The move underscores a growing recognition of AI&#39;s substantial power consumption and the need for robust infrastructure to support technological advancement and economic growth.<\/em><\/p>\n<p>Internationally, security concerns persist in the Middle East. <strong>Israel Police<\/strong> have reported a drone crash in the southern city of <strong>Eilat<\/strong>. This incident occurred shortly after the Israeli military had indicated a &quot;hostile aircraft infiltration&quot; in the area, highlighting ongoing regional instabilities. <em>Such events often contribute to market uncertainty, particularly in sectors sensitive to geopolitical risks.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Goldman Sachs (GS) has appointed Ben Snider as its new Chief US Equity Strategist, succeeding the retiring David 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