Market Insights

MARKET STRATEGIST INSIGHTS 1 of 2

PORTFOLIO MANAGER INSIGHTS 2 of 2

Market Strategy

Complex markets can be difficult to decipher. We provide investment professionals and their clients with a global perspective to help explain the issues and trends affecting their portfolios.

Chart of the Week

Robust Housing Market

In the US, historically low mortgage rates, persistent inventory shortage, and robust demand amplified by a shift to remote work all contributed to this housing strength. We think these conditions may extend through H2 2021 and keep the near-term probability of significant home price decline low.

Source: Goldman Sachs Global Investment Research. As of July 12, 2021.

Market Know-How

Faster, Higher, Stronger

Some of the moves in fixed income markets this year— such as the sell-off in Treasuries—have been faster than anything we have seen in recent years, and bond markets may remain in a state of flux for the remainder of 2021. As a consequence, core fixed income allocations require risk-aware active management, and security selection in credit markets may become an increasingly differentiated source of returns.

Edition 2 Themes

1The fast lane

2Macro matters

3Why diversify?

4Eggs in many baskets

5Keep it private

6The taxman cometh

GSAM Connect

July 2021

Leading the Way with Katie Koch

Katie Koch, co-head of the Fundamental Equity business within Goldman Sachs Asset Management, shares her thoughts on the benefits of diverse experiences and lessons learned while leading a team through the pandemic.

July 22, 2021

Emerging Markets Corporate Debt: Strong and Getting Stronger?

Jasper Sagoo, client portfolio manager on the Emerging Markets Debt team within Goldman Sachs Asset Management, shares his team’s observations on the performance of Emerging Markets Corporate Debt and explains why we believe there is no substitute for thorough, structured credit research to unlock the return potential of the asset class.

July 20, 2021

Talking Taxes: Portfolio Considerations for Biden’s Tax Plan

Since US President Joe Biden unveiled his proposal for a broad tax overhaul, investors have been asking whether it makes sense to recognize investment gains before a potential rise in the capital gains tax. The answer? We think it depends on three key variables: expected future tax rate, expected returns, and investment horizon.

Stay posted on the latest market developments and key themes for your portfolios and practices

More Market Strategy

July 2021

Monthly Market Pulse: July

The S&P 500 Index has rallied more than 90% since the low of March 2020, notching new all time highs on the back of record earnings, liquidity, and valuations. Going forward, investors may find more relative value and return potential by broadening their borders. Global equity markets offer a wide breadth of stock selection opportunities at attractive prices with good growth potential in this year and beyond. In this market, we favor alpha over beta, and companies over countries.

December 2020

Climate of Change

As we look into 2021 and beyond, we think global policymaking will be less governed by the latest political victory than by the realities of massive sovereign deficits, shifting demographics, and environmental conditions. COVID-19 has only accelerated this climate of change and the need for prescriptive solutions and investment.

View more perspectives on the latest market developments and trends

Stay Informed and Be Ahead of the Curve

MARKET MONITOR

Weekly views from senior Goldman Sachs economists and strategists

MARKET KNOW-HOW

Triannual insights on market conditions and timely investment ideas

MARKET PULSE

Monthly market commentary coupled with insights on portfolio construction

GSAM CONNECT

Posts on the latest market developments and key themes for your portfolios

MANAGE SUBSCRIPTIONS

Asset Class Views

Access the latest views from our product teams on macro strategies and browse insights by key topics, such as equities, fixed income, money markets and alternatives.

How High to Hike

July 2021

Global Fixed Income Weekly

Each week the Fixed Income team releases its views on macro strategies including duration, country, cross macro and currency, and sector strategies such as securitized debt, corporate credit and emerging markets debt.

GOLDMAN SACHS RESEARCH

Follow trends in the global economy, including policy issues and analysis of economic development from Goldman Sachs Global Investment Research.