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Andy Goldberg

Nomura Asset Management (chief investment strategist)
First call on the ledger

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Where they stand

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BullThe U.S. Economy leaning · 2026-07-20
Referring to the One Big Beautiful Bill's fiscal boost (a nearby segment garbles as 'it's having a really bad time'). He pairs it with ISM manufacturing as 'a really good leading indicator of small caps doing better' (@48:33) and points to equal-weight S&P outperforming cap-weight; recommends financials, health care, industrials.
“We are estimating it's having about a 1.1 percent impact on gdp growth”
Andy Goldberg · Nomura Asset Management (chief investment strategist) · Bloomberg ↗
BearThe AI Trade leaning · 2026-07-20
On Kimi K3 disruption risk: 'to not expect disruption In the the thing that's disrupting the whole entire world would be crazy' (@47:14). Recommends uncorrelated assets (fixed income, film royalties, private credit); calls the semi pullback 'taking a breather is actually a healthy sign' (@49:42).
“So for a while now, we've been diversifying away from some of these hyperscalers”
Andy Goldberg · Nomura Asset Management (chief investment strategist) · Bloomberg ↗

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