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

Positioning: From Bearish to Neutral.

US investor allocation to equity bounced back from March’s dip to levels close to its long term average while cash positioning remained elevated. We continue to advise investors to avoid sitting on the sidelines and re-risk portfolios toward their strategic asset allocation. However, with COVID-19 uncertainty persisting, we emphasize a slow and steady return to target weights as the best approach to avoid swings in portfolio volatility.

Positioning Moving from Bearish to Neutral

Source: Haver, Datastream, and Goldman Sachs Global Investment Research.

Market Know-How

Riding the Storm Out

The consequences of COVID-19 will not be equally distributed. Our forecast is for the sudden deceleration in economic activity to be most acute in the second quarter, followed by a resurgence in growth.

Edition 2 Themes

1Passively drifting landscape.

2Short-term dislocation may present opportunities.

3A land of opportunity.

4Volatility erupting.

5Losses exist in all markets.

6Did you know...

GSAM Connect

July 06, 2020

Exhaustion Mode

After an exhausting second quarter that saw markets toggle from “crisis” mode to “return-to-normal mode”—and now perhaps back again—many investors are likely hoping for a quieter third quarter.

July 02, 2020

Inflation: Is It Coming Back?

Even before the economic shock caused by the coronavirus, advanced economies for years had struggled to generate inflation. Might inflation be due for a comeback?

July 01, 2020

Staying in the Game with High-Quality Munis

Yields on high-grade municipal bonds are now below where they were when 2020 began. Is there any reason for investors to maintain their short-to-intermediate muni portfolios? Yes. In fact, we can think of several.

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

More Market Strategy

July 2020

Monthly Market Pulse: July

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

December 2019

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.

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 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.