Goldman Sachs: GS cross-asset macro conf call yesteday focusing on read-across the election can be summarized like this: “no change”. Nothing to see here, circulate back to CB BS….

Key message is that “our forecasts look about right” and there seems to be very little need to change anything.

Economics: current forecasts look about right. If anything a small need to revise up UD Q4 GDP as real-time indicators look a touch stronger despite covid and delayed checks

Rates: Bond yields probably already took out most of the potential move lower in early trading.

FX: USD mixed – no need to change forecasts.

Equities: not changing year-end target of S&P500 at 3600 (which in itself implies a smaller melt-up..). Key call is still “more of the same” – ie. buy long duration equities (=tech).