Goldman Sachs Director Discusses Fed 'All-Clear' Signal Amid Post-Rate-Cut Market Records

This analysis is based on the Fox Business interview [1] featuring Greg Tuorto, Managing Director of Goldman Sachs Asset Management Fundamental Equity, conducted on December 11, 2025. During the interview, Tuorto stated that market participants have been waiting for the “all-clear” from the Federal Reserve “for a really long time,” following the Fed’s 25-basis-point (bp) rate cut on the same day—its third cut since September 2025, bringing the federal funds rate to 3.5-3.75% [0]. Market reaction was positive, with major U.S. indices (Dow Jones Industrial Average, S&P 500, NASDAQ Composite) closing at record highs [0]. Specifically, Goldman Sachs (GS) stock rose 2.37%, closing at $911.03 near its all-time high [0].

Tuorto’s comment about waiting for the Fed’s “all-clear” signal indicates that despite recent rate cuts and record market performance, there remains lingering caution among market participants regarding the Fed’s future policy trajectory [1]. The outperformance of GS stock (2.37% gain) relative to broader indices (e.g., S&P 500 +0.58%) suggests investor confidence in Goldman Sachs’ ability to navigate the current rate environment [0].

: Uncertainty surrounding the Fed’s future rate decisions could lead to market volatility, as lingering caution (reflected in Tuorto’s comments) may amplify reactions to upcoming FOMC statements [1].
: Continued rate cuts by the Fed could support economic growth, potentially benefiting equities and the financial sector, including firms like GS [0].

On December 11, 2025, GSAM MD Greg Tuorto discussed market participants’ extended wait for a Fed “all-clear” signal following the central bank’s 25-bp rate cut. Major markets hit record highs, with GS stock outperforming broader indices. The event underscores the interconnectedness between Fed rate policy, market sentiment, and the performance of financial sector stocks such as GS.