11AM Hour: Goldman Sachs Chief U.S. Equity Strategist, Midterm Elections Impact on the Market & Micron to $3,000? 10/8/26
Summary
Goldman Sachs strategist Ben Snyder argues markets overprice Fed tightening risks, expecting only one more hike before rates stabilize. DA Davidson’s Gil Luria presents a bullish case for Micron, raising its price target to $3,000 as AI memory demand transforms the company from a commodity seller. The episode also covers oil price spikes due to geopolitical tensions, Webull’s pushback against a congressional national security report, and AI safety concerns raised by former OpenAI researchers and Nate Soares.
Topics discussed
Sponsorships: Comcast Business and Janice Henderson
Market Overview: AI safety warnings and labor data
Interview with Ben Snyder on equity strategy and AI
Oil prices, tanker attacks, and IEA reserves
Preview: Micron analyst and AI safety expert
Sponsorships: YouTube Premium and Quaker Protein
Webull response to House committee report
Micron bull case: AI memory demand and valuation
Preview: PepsiCo earnings and OpenAI safety letter
Sponsorship: Kraft Mac & Cheese Power Mac
PepsiCo earnings, CEO comments, and Coke comparison
News Update: Tropical Storm and Maduro charges
Preview: Midterms and AI safety interview
OpenAI researchers push back on firings via letter
Interview with Nate Soares on AI safety and risks
Preview: Midterms and AI regulation
Interview with Ariana Salvatore on midterms and AI
Preview: Skydance management interview
Skydance/Paramount deal and Hollywood-AI dynamics
Disclaimer and Sponsorship: Zepbound
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