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

Talking Taxes

A busy legislative fall has arrived with House Democrats proposing a range of tax hikes. Prediction markets indicate a 64% chance the US corporate tax rate will end up between 25% and 28%. While higher taxes are unlikely a major roadblock for corporations, a hit to returns for individual investors may necessitate a closer look at tax-efficient vehicles going forward.

Source: PredictIt, GS Global Investment Research, and GS Asset Management.

Market Know-How

And Now For Something Completely Different

As the global economy begins to reopen we will discover what the new post-COVID-19 “normal” looks like. The next phase of the recovery may prove to be a paradigm shift: a move into a world of “completely different” macro and market relationships to those which we have been accustomed to in recent years. In this Market Know-How we explore how some of those factors may shape the investment landscape.

Edition 3 Themes

1Tax: Rates may move back to long-term averages

2Rates: Interpreting Rising Rates

3Inflation: Transitory or Sustained?

4Valuation: Sustainably higher valuations, realistically lower returns

5Digital Assets: A Growing But Speculative Market

GSAM Connect

September 24, 2021

Back to School: A Lesson Plan for Municipal Bond Investors

It’s been a summer to remember for municipal bonds. But seasons change, and with rates likely to stay low, we think a flexible approach has the best chance of boosting return potential this fall.

September 2021

Fighting Climate Change: Growth Opportunities in Clean Energy Infrastructure

As global decarbonisation efforts gain momentum, we believe there’s an attractive, multi-decade investment opportunity in clean energy infrastructure.

September 10, 2021

US Housing Market: Hot or Not?

The US housing market has boomed over the past year as pandemic dynamics have pushed national home prices up nearly 17% year over year, and up more than 20% in many large metro areas. The market is certainly hot, but we do not think it is at risk of overheating, as short- and long-term fundamentals are still supportive.

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

More Market Strategy

September 2021

Monthly Market Pulse: September

As we look toward the final third of 2021, it may be useful to revisit the basics of our investment framework in the present environment. We believe the economic expansion, coupled with improving profitability and supportive policy, will continue to be constructive for markets. As such, our ABCs for investing into year end include a commitment to 1) Allocating assets into tactical opportunities while maintaining a strategic plan, 2) Bottom up selectivity, and 3) Cash deployment into capital markets.

April 2021

Faster, Higher, Stronger

Some of the moves in fixed income markets this year— such as the sell-off in Treasuries—have been faster than anything we have seen in recent years, and bond markets may remain in a state of flux for the remainder of 2021. As a consequence, core fixed income allocations require risk-aware active management, and security selection in credit markets may become an increasingly differentiated source of returns.

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

September 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.