Marc Gutman, CEO of Goldman Sachs International, is urging governments to cut spending to bring down climbing borrowing costs. Critics pushed back, arguing the position serves elite financial interests over public services.

Separately, Goldman analyst Bobby Molavi cautioned that major stock indexes seem steady on the outside but underlying market conditions are weaker than headline numbers show. The S&P 500 may appear steady, but Molavi says the market beneath that level tells a different story.