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

Inflation Situation

Inflation has been anchored by structural factors in recent years, even as cyclical elements push prices higher. But at less than 40% of the US Core PCE Index, cyclical pressures (like recreation) can only do so much while acyclical components (like healthcare) average a rate of 1%. Sustained inflation would require a high hurdle rate for cyclical factors, and a significant uptick in acyclical levels.

Source: Federal Reserve Bank of San Francisco and GSAM SAS Market Strategy

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

April 08, 2021

China Government Bond Market – Too Big to Ignore

This week FTSE Russell affirmed that China will be included in the FTSE World Government Bond Index from October 2021, confirming China’s membership of all three major global bond indices. In this publication, we recap the investment case for an allocation to China government bonds and detail why now is an opportune time to gain access.

April 2021

How Battery Storage May Ease the Shift to Renewables

Renewable solar and wind power are cleaner and increasingly cheaper than fossil fuels. They’re also more variable, which can lead to intermittent power outages. Jon Yoder, head of GS Asset Management’s Renewable Power Group, explains how grid-scale battery storage stations can offer a solution.

March 31, 2021

Credit Check-In: Credit Opportunities in a Reflationary and Pro-Cyclical Environment

The Credit Check-In is a monthly investment insights publication that features developments across corporate credit markets.

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

More Market Strategy

Monthly Market Pulse: April

When building portfolios, we believe that not all fixed income assets are created equal. Traditional classification of bonds include a variety of assets with differentiated properties. We think classifying bonds into risk-managing (core fixed income) and return-generating (fixed income diversifiers) may help frame asset behavior, return expectations, and the role of capital preservation. Through our proprietary GSAM PRISM™ analysis, we have found that a more customized approach to implementing fixed income in portfolios may often prove additive.

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

April 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.