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.
The S&P 500’s incredible recovery from its trough in March has been fueled by outperformance of the top five names. To date, these companies have yielded +34% in returns. They reflect companies with strong business models, high margins, and solid balance sheets. Even still, a high degree of market concentration may introduce operational risks for mutual fund managers constrained by holding limitations.
Source:GSAM. As of September 10, 2020
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.
Stay posted on the latest market developments and key themes for your portfolios and practices
View more perspectives on the latest market developments and trends
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.
GOLDMAN SACHS RESEARCH
Follow trends in the global economy, including policy issues and analysis of economic development from Goldman Sachs Global Investment Research.