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Goldman says AI could displace up to 9% of workers. The hit probably waits for the next recession

Published . Updated .

TAIWAN STRAITGoldman says AI could displace upto 9% of workers. The hit probablywaits for the next recessionGSGEOPOLITICS ALPHA

This report does not point to one industry. Broad-market names can move with it, and this note does not assume a direction.

Directly affected

  • GS Goldman Sachs Group-8.5%

    Named in this report.

Indirectly affected

  • SPY SPDR S&P 500+1.6%

    The broad U.S. stock market

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term U.S. government bonds

  • QQQ Invesco QQQ+2.3%

    Large technology stocks

  • GLD SPDR Gold Shares-3.3%

    Gold can move with the broad market

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GS———————
SPY———————
TLT———————
QQQ———————
GLD———————

Market Call

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Goldman says AI could displace up to 9% of workers. The hit probably waits for the next recession Fortune

Source: Fortune

Taiwan Strait

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12 out of 100

“Goldman says AI could displace up to 9% of workers. The hit probably waits for the next recession” scores 12 out of 100. The score uses 1 sources.