Goldman Sachs survey: Institutional investors are optimistic about stocks and gold, with 52% optimistic about the stock market

The Kobeissi Letter, in a post on the X platform, stated that a Goldman Sachs survey shows that institutional investors remain bullish on stocks and gold. Approximately 25% of investors surveyed said their favorite trade this quarter was "long gold," reaching its highest level for the second consecutive month. This was followed by "long AI" stocks, at approximately 18%. Forty percent of respondents expect the S&P 500 to outperform other major global indices in October. Overall, 52% of respondents expressed optimism about the stock market, the highest level since December 2024. Furthermore, 55% of participants said they were most bullish on companies in the AI ​​infrastructure sector. Meanwhile, their positions in the "Magnificent Seven" tech stocks reached their highest level since at least June 2024.