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

Housing Comeback

In 2020, US mortgage originations approached the 2003 peak as mortgage rates fell to record low levels. While the volume of originations may be similar, the composition of borrowers is healthier this time. The credit scores of 71% of borrowers in Q3 2020 was above 760 (vs. 31% in 2003). In our view, this reflects a strong housing market and a potential source of US economic stability.

Source: Federal Bank of New York. As of February 19, 2021

Market Know-How

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.

Edition 1 Themes

1Unwanted attention

2Precarious position

3Navigating all markets

4When defense mechanisms kick in

5Yielding and expanding

6Investing sustainably

GSAM Connect

February 25, 2021

Pause for an Inflation and Policy Real-ity Check

Real yields have recently trended higher, albeit from low levels. For investors, the driver behind the rise is important. It’s time to pause for an Inflation and Policy Real-ity Check.

February 09, 2021

How Short Duration Bonds May Ease the Low-Yield Blues

Tired of earning next to nothing on cash? We think short duration fixed income may help boost return potential---as long as investors are prepared to make some tradeoffs.

February 08, 2021

The Reasons for Value’s Return

Growth stocks’ strength in 2020 capped a decade of dominance. But in the last three months, the winds have started to change. We see three reasons for Value’s resurgence.

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

More Market Strategy

February 2021

Monthly Market Pulse: February

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

September 2020

Breaking Out from the Outbreak

Economic evidence suggests that through relatively low-cost face masks and targeted physical distancing measures, economies can recuperate while vaccines and treatments are developed. From an investment perspective, we think this unprecedented moment validates the lessons of strategic discipline, risk management and quality.

View more perspectives on the latest market developments and trends

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

February 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.