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The S&P paces to snap a 2-day skid, and Goldman beefs up its asset management unit

Cnbc · · 543 words · By Jeff Marks
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What to know about The S&P paces to snap a 2-day skid, and Goldman beefs up its asset management unit

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Claims checked 13
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center80%
Right20%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Why it matters

The market is moving higher on Wednesday, with the S & P 500 on pace to break a two-session losing streak.

Common ground

Stocks got a little bit of help from an in-line consumer price index (CPI) report, which pushed down interest rate hike expectations at the Federal Reserve's September meeting, according to CME Group's FedWatch tool .

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/12/the-sp-paces-to-snap-a-2-day-skid-and-goldman-be…

fact_checkClaims Checked

eFinder analyzed this article and checked 13 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6
schedule Pending 3
verified Verified By Reference 2
help Insufficient Evidence 2
verified
Claim 1: “Stocks got a little bit of help from an in-line consumer price index (CPI) report, which pushed down interest rate hike expectations at the Federal Reserve's September meeting, according to CME Group's FedWatch tool .”
VERIFIED BY REFERENCE
While the evidence confirms what CME Group and the Federal Reserve are, there is no specific evidence provided regarding a CPI report's effect on September rate hike expectations via the FedWatch tool.
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wikipedia NEUTRAL — The federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Re…
https://en.wikipedia.org/wiki/Federal_funds_rate
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web search NEUTRAL — CME Group Inc. (formerly Chicago Mercantile Exchange Holdings Inc.), headquartered in Chicago, Illinois, operates exchanges and provides clearing services for trading in financial derivatives such as …
https://en.m.wikipedia.org/wiki/CME_Group
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web search NEUTRAL — CME Group is the world's leading and most diverse derivatives marketplace offering the widest range of futures and options products for risk management.
https://www.cmegroup.com/
+ 1 more evidence source
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Claim 2: “With the addition of Neos, Goldman said it will become a top eight active ETF provider, with $80 billion in active ETFs across a $130 billion global ETF platform.”
CORROBORATED
Web search results confirm Goldman's statement that the combination would result in $80 billion in active ETF assets within a $130 billion global ETF platform.
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web search NEUTRAL — Acquisition will add $30 billion in active income ETFs to Goldman Sachs Asset Management’s $40 billion in income and outcome-oriented options-based ETF solutions.
https://am.gs.com/en-int/advisors/news/press-release/2026/go…
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web search NEUTRAL — Goldman said the combination would give Goldman Sachs Asset Management about $80 billion in active ETF assets within a roughly $130 billion global ETF platform. Completion is expected in the first qua…
https://www.linkedin.com/pulse/nvidia-targets-500-billion-ai…
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web search NEUTRAL — Goldman Sachs has agreed to acquire Neos Investments for as much as $2.25 billion in a cash-and-equity transaction, expanding its reach in crypto income products and bringing roughly $30 billion of Ne…
https://bingx.com/en/flash-news/post/goldman-sachs-agrees-to…
schedule
Claim 3: “If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 4: “Neos managed $30 billion in assets across 19 options-based income ETFs as of the end of June.”
CORROBORATED
Multiple sources explicitly state that NEOS managed $30 billion in assets across 19 options-based income ETFs as of June 30, 2026.
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wikipedia NEUTRAL — Global X Investments Canada Inc. (formerly Horizons ETFs) is a financial services company that offers exchange-traded funds. On May 1, 2024, the company changed its name from Horizons ETFs to Global X…
https://en.wikipedia.org/wiki/Global_X_Investments_Canada_In…
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wikipedia NEUTRAL — Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown person published a white paper under the p…
https://en.wikipedia.org/wiki/Bitcoin
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wikipedia NEUTRAL — ETF Airways (ETF meaning Enjoy The Flight) is a Croatian charter airline carrying out charter flights and ACMI operations.
https://en.wikipedia.org/wiki/ETF_Airways
+ 3 more evidence sources
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Claim 5: “Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 6: “Before the opening bell on Thursday, we'll see earnings from Tapestry , the owner of Kate Spade and Coach.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding Tapestry's earnings schedule for Thursday.
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Claim 7: “Goldman Sachs announced Wednesday it's buying exchange-traded fund provider Neos Investments for a s much as $2.25 billion in cash and equity.”
CORROBORATED
Multiple independent sources confirm Goldman Sachs announced the acquisition of NEOS Investments for up to $2.25 billion in cash and equity.
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wikipedia NEUTRAL — Gary David Cohn (born August 27, 1960) is an American businessman and philanthropist who served as the 11th director of the National Economic Council and chief economic advisor to President Donald Tru…
https://en.wikipedia.org/wiki/Gary_Cohn
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wikipedia NEUTRAL — Harvey M. Schwartz (born March 11, 1964) is an American investment banker and business executive who has served as chief executive officer and a director of The Carlyle Group, the world's sixth-larges…
https://en.wikipedia.org/wiki/Harvey_Schwartz
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wikipedia NEUTRAL — Steven Terner Mnuchin ( mə-NOO-shin; born December 21, 1962) is an American investment banker and film producer who served as the 77th United States secretary of the treasury as part of the first cabi…
https://en.wikipedia.org/wiki/Steven_Mnuchin
+ 3 more evidence sources
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Claim 8: “On the data side, there is the July producer price index (PPI) report.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 9: “The deal follows Goldman's recently closed roughly $2 billion purchase of Innovator Capital Management, which is a provider of defined-outcome ETFs.”
CORROBORATED
Multiple sources confirm Goldman Sachs acquired Innovator Capital Management, a provider of defined-outcome ETFs, for approximately $2 billion.
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wikipedia NEUTRAL — AQR Capital Management (short for Applied Quantitative Research) is a global investment management firm based in Greenwich, Connecticut, United States. The firm, which was founded in 1998 by Cliff Asn…
https://en.wikipedia.org/wiki/AQR_Capital_Management
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wikipedia NEUTRAL — Bain Capital, LP is an American private investment firm based in Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, …
https://en.wikipedia.org/wiki/Bain_Capital
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wikipedia NEUTRAL — The Goldman Sachs Group, Inc. ( SAKS) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in the Battery Park City neighborhood…
https://en.wikipedia.org/wiki/Goldman_Sachs
+ 3 more evidence sources
verified
Claim 10: “The market is moving higher on Wednesday, with the S & P 500 on pace to break a two-session losing streak.”
VERIFIED BY REFERENCE
The provided evidence contains general market news and historical S&P 500 data, but nothing that confirms the specific market movement on the 'Wednesday' mentioned in the text.
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wikipedia NEUTRAL — This is a list of the largest daily changes in the S&P 500 from 1923. Compare to the list of largest daily changes in the Dow Jones Industrial Average.
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_…
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wikipedia NEUTRAL — The S&P 400 (S&P MidCap 400 or Standard and Poor's 400) is a stock market index tracking the stock performance of 400 companies listed on stock exchanges in the United States that are considered to ha…
https://en.wikipedia.org/wiki/S&P_400
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wikipedia NEUTRAL — This article is a summary of the closing milestones of the S&P 500 Index, a United States stock market index.
https://en.wikipedia.org/wiki/Closing_milestones_of_the_S&P_…
+ 3 more evidence sources
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Claim 11: “Chipmakers like Micron , our newest Club holding, and other AI component stocks rallied off a strong quarter from the neocloud provider CoreWeave .”
CORROBORATED
Multiple sources confirm CoreWeave reported strong quarterly results (e.g., $2.5 billion in revenue) and that this reinforced demand for AI components/Nvidia GPUs.
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web search NEUTRAL — Corporate Overview. CoreWeave is The Essential Cloud for AI™. Built for pioneers by pioneers, CoreWeave delivers a platform of technology, tools, and teams that enables innovators to move at the pace …
https://investors.coreweave.com/
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web search NEUTRAL — CoreWeave reported $2.5 billion in quarterly revenue, while Nebius saw a 454% jump to $582 million. Both firms increased spending and capacity plans, reinforcing demand for Nvidia GPUs.
https://www.kucoin.com/news/flash/nvidia-stock-rises-on-stro…
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web search NEUTRAL — LIVINGSTON, N.J., August 11, 2026--CoreWeave Reports Strong Second Quarter 2026 Results.Business Outlook. CoreWeave will provide forward-looking guidance in connection with this quarterly earnings ann…
https://uk.finance.yahoo.com/news/coreweave-reports-strong-s…
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Claim 12: “Its closest peer, Morgan Stanley , has also been aggressive in this area, acquiring ETF provider Eaton Vance in 2021 and brokerage E-Trade the year before that.”
CORROBORATED
Multiple sources confirm Morgan Stanley acquired E-Trade in 2020 and Eaton Vance in 2021.
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web search NEUTRAL — Acquiring Eaton Vance almost doubles the size of Morgan Stanley’s asset management group in one fell swoop, giving Gorman the kind of scale he has coveted for that business. Likewise, E*Trade gives Mo…
https://nypost.com/2020/10/08/morgan-stanley-acquires-eaton-…
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web search NEUTRAL — Target: Eaton Vance Corp. Implied Equity Value: $7 billion. Announced date: October 8th, 2020. Closing date of the deal: Q2 2021. On October 8th, Morgan Stanley has announced the acquisition of the in…
https://www.mergersight.com/post/morgan-stanley-s-7bn-acquis…
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web search NEUTRAL — "Eaton Vance is a perfect fit for Morgan Stanley," James P. Gorman, Chairman and CEO of Morgan Stanley, said in a statement.The deal continues Morgan Stanley's shopping spree less than a week after th…
https://www.fool.com/investing/2020/10/08/morgan-stanley-to-…
help
Claim 13: “Networking giant Cisco , Nvidia-backed photonics company Coherent , and the newly public chipmaker Cerebras are scheduled to report.”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding the earnings schedules for Cisco, Coherent, or Cerebras.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.