Market Insights

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INSIGHTS

MARKET STRATEGIST INSIGHTS 1 of 2

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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.

Market Know-How

Market Know-How: One Mississippi, Two Mississippi...

Many market observers in 2019 believe they have witnessed cyclical warning signs which start the countdown to the next recession, we believe a recession is not a foregone conclusion.

Edition 1 Themes

1New era, new expectations.

2Pass the SALT.

3A taxing situation.

4Apples and oranges.

5“Time in” versus “timing” the market.

6Did you know...

Chart of the Week

How Low Can You Go?

US household debt relative to disposable personal income remains at all-time lows, as shown in the chart. Since the financial crisis in 2008, households have meaningfully deleveraged, with their financial obligation ratio falling over 300bps. Low rates, earnings growth, and a healthy labor market have helped households’ capacity to service debt. In turn, we expect the strong consumer backdrop to continue to support the expansion.

Source: Goldman Sachs Investment Strategy Group, Bloomberg, and GSAM.

GSAM Connect

January 2020

International Equity: More Micro, Less Macro

International investing has been challenged from a macro perspective but is still worthwhile as ¾ of the best performing stocks each year on average are domiciled outside of the US. What distinguishes the global outperformers?

December 2019

Managing Climate Change Risks in Municipal Bonds

The impact of climate change is a growing subject of discussion in the US municipal bond market as some issuers begin to note climate-related risks in new municipal bond offerings.

November 2019

Our Take on Views from Corporate America

US companies expect policy uncertainty to remain elevated heading into 2020 elections and are therefore cautious around spending plans.

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

More Market Strategy

January 2020

Special Edition: 10 for 2020

Monthly recap of global markets, thought leadership, and investment themes from across Goldman Sachs.

September 2019

Easy Does It

We see current conditions as largely benign as long as investors understand that risk may no longer be linear. Political shocks and policy-related risks are the variables to watch, whereas we see recession risk as still moderate.

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

Our portfolio manager discusses how machine learning interprets investor sentiments and extracts topical subjects

LEARN MORE

January 2020

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.