Low-End Consumer Underperformance; Growing AI Focus in Labor Market Discussions Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Ronnie Walker +1(917)343-4543 | ronnie.walker@gs.com Goldman Sachs & Co. LLC c45a43530f604d12bcb9a82b5aa6b9f6 n With nearly all the S&P 500 now reported, we analyze Q3 company results and management commen ...