Goldman Sachs' Jonny Fine: We will see four rate cuts this year

• Alphabet and Oracle have seen record-breaking financing activity for AI buildout, with strong demand in various debt markets.
• Credit conditions are currently very affable, with spreads near 1997 lows, suggesting no major disruption to credit costs.
• Jonny Fine expects four Fed rate cuts in 2024, with the first likely in June, and projects the 10-year Treasury yield to reach 3.5%.

The video discusses how major tech companies like Alphabet and Oracle are successfully raising significant debt in both U.S. and international markets to fund their AI buildout, indicating robust investor demand. Goldman Sachs' Jonny Fine highlights favorable credit conditions and offers a dovish outlook on Fed policy, anticipating four rate cuts this year and a move towards 3.5% for the 10-year Treasury yield.