markets AM market analysis — 2026-09-28

Goldman Sachs describes a resilient equity trend heading into the session, though the bank flags geopolitical, interest-rate and artificial-intelligence risks that could still produce a normal pullback. Investor mood, as tracked by the Fear and Greed Index, remains in fear territory despite a slight improvement, underlining the gap between constructive positioning and cautious sentiment.

European equities recently found support from softer oil prices and hopes for a Middle East truce. Asian trading opened more defensively, with GIFT Nifty pointing to a weak start as US-Iran tensions and Strait of Hormuz concerns kept risk appetite in check, according to Business Standard.

Technology and semiconductor weakness has also challenged market leadership, per Edward Jones, even as broader conditions hold up. The near-term picture hinges on whether oil prices and geopolitical headlines stay contained, or whether renewed pressure spreads into bond yields and equity valuations.