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.
We see current conditions as largely benign as long as investors understand that risk may no longer be linear. Political shocks and policy-related risks are the variables to watch, whereas we see recession risk as still moderate.
Elevated policy uncertainty has been met with relatively contained market volatility, which is a disconnect versus historical norms. Markets today 1) may be more able to discern news from headline noise, and 2) may reflect more consistent economic expectations, both of which have been past drivers of volatility. We think VIX stability is likely to persist in 2020 but we recognize that fluidity in geopolitics still poses risks of episodic flare-ups.
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.