Latest Interviews
Showing 931–945 of 1,514 interview transcripts.
Clear all filters- Goldman Sachs6 min
Silver’s Retail Rally
Following a late January rally driven by retail investors seeking to replicate equity market maneuvers, silver prices have settled near $27 per ounce after hitting a peak of $29. Market analysts distinguish this event from stock speculation by highlighting structural hedges from corporate participants and a constrained global physical supply estimated at $50 to $60 billion, which limits the potential for retail manipulation. Concurrently, a growing investor thesis positions silver as an inflation hedge while aggressive government targets for solar power expansion in the US and China are expected to significantly boost long-term industrial demand.
- The Economist8 min
Can flying go green?
Facing a historic economic downturn and rising environmental pressures, the aviation industry is accelerating a "green reset" driven by the potential of hydrogen-electric technology to eliminate carbon emissions by 2050. While sustainable aviation fuels offer immediate drop-in solutions, high costs and a lack of infrastructure have created a market deadlock that experts argue requires over $500 billion in investment and immediate government mandates to resolve. Val Miftikoff and other leaders emphasize that without substantial public funding and policy incentives like fuel taxes, the transition to zero-carbon flight remains commercially unviable for decades.
- Goldman Sachs9 min
What’s Behind the Surge in Small-Cap Stocks?
Small-cap stocks have delivered record-breaking returns driven by favorable macroeconomic conditions, including the Federal Reserve's low interest rate environment, anticipated fiscal stimulus, and the potential for supply chain reshoring under the Biden administration. Significant capital inflows of nearly $19 billion and upward earnings revisions of 50% have fueled this momentum, particularly within the financial, housing, and cyclical sectors which are poised for M&A consolidation as large-cap firms seek growth targets. Despite valuations reaching historic extremes in the growth segment, the Russell 2000 Value index remains attractively priced relative to large-cap peers, even as rising corporate tax risks and heavy retail participation introduce new market dynamics.
- Goldman Sachs17 min
Marcus Samuelsson, Chef and Author of "The Rise: Black Cooks and the Soul of American Food"
Marcus Samuelsson, Margaret Anadu
Award-winning chef Marcus Samuelsson joined Goldman Sachs' Margaret Anadu to discuss the strategic evolution of Black cuisine, emphasizing the need to dismantle monolithic stereotypes through cultural granularity and regional differentiation. Drawing on his journey from Harlem's Red Rooster to pandemic-era community relief efforts, Samuelsson highlighted the critical necessity of Black authorship in media and leadership to ensure equitable access and representation within the American food industry. The dialogue underscored that true progress requires parallel shifts in storytelling, business infrastructure, and historical acknowledgment to transform Black culinary traditions into ubiquitous, accessible elements of the national culinary landscape.
- Goldman Sachs8 min
Equity Volumes, Volatility and ‘Skew’ in the Markets
Driven by record-breaking retail activity that now accounts for 25% of market volume, institutional investors have rotated into ETF shorts to hedge against a supply-demand imbalance, pushing the firm's short book allocation to a historic 20%. This divergence has created unique market dynamics where narrow single-stock volatility contrasts with elevated index skew, while expectations for a massive fiscal stimulus package and potential wage-driven inflation remain critical variables for the Federal Reserve's pro-cyclical policy framework.
- Goldman Sachs8 min
What’s on the Minds of Institutional Investors
Institutional investors attribute recent market volatility primarily to equity long/short hedge fund deleveraging and short squeezes rather than retail activity, resulting in a contained S&P 500 sell-off that avoided broader macro spillovers. While sentiment remains bullish on the growth trade due to accelerating vaccination timelines expected to drive a year-end GDP upswing, caution is rising regarding a reflation trade shift where rapid real rate increases could destabilize financial conditions. This evolving perspective has dampened conviction in the short-dollar and long-Euro strategies as concerns over global vaccination disparities and potential interest rate impacts reshape currency positioning.
- The Economist8 min
Covid-19 vaccines: what information can you trust?
Regulatory bodies and bioethicists are navigating complex challenges including the deployment of single-dose Johnson & Johnson vaccines, the strategic extension of mRNA dosing intervals to boost population immunity, and the ethical implications of mandatory vaccination or vaccine passports. While media outlets must carefully distinguish between chance adverse events and vaccine causation, experts emphasize that the rapid adaptability of mRNA platforms provides a robust foundation for updating shots against future viral mutations. Ultimately, governments favoring pragmatic public health measures over legal mandates are balancing rising hospitalization rates with the risk of fueling vaccine hesitancy among the public.
- Goldman Sachs12 min
Europe’s Digital Economy at a Tipping Point
Goldman Sachs Research identifies four converging factors—accelerated consumer adoption, cloud and networking infrastructure evolution, loosening capital constraints, and strategic EU regulatory support—that are ending Europe's digital lag behind the US and Asia. Driven by the European Recovery and Resilience Facility and new legislation like the Digital Services Act, these structural shifts have quadrupled unicorn counts and doubled VC funding despite remaining below global averages. Consequently, the report highlights over 70 Stoxx Europe 600 companies across pure plays, enablers, and traditional sectors poised to capitalize on this $670 billion digital transformation push.
- Goldman Sachs9 min
What’s Ahead for Growth Equity and Technology Investing
Goldman Sachs' private investing business identifies pandemic-driven acceleration as the catalyst for transforming enterprise adoption of collaboration tools and redefining four core verticals: enterprise digitization, fintech, healthcare, and consumer trends. Within these sectors, the firm highlights explosive growth in food delivery platforms and cybersecurity, while noting that European venture capital funding has recently outpaced US and Chinese growth rates by a factor of three. To navigate these rapid market shifts, investors prioritize management teams demonstrating resiliency, communication, and chemistry, aiming to guide companies through unpredictable horizons with a long-term, collaborative approach.
- The Economist11 min
GameStop: what it reveals about the US stockmarket
In early 2021, a coordinated surge by millions of retail investors on the Reddit forum WallStreetBets drove GameStop's stock price to over $450, triggering a historic short squeeze that forced institutional short sellers to absorb massive losses. The volatility caused significant market disruption, including trading restrictions by platforms like Robinhood and intense regulatory scrutiny regarding liquidity management and retail investor protection. While analysts view the event as an isolated phenomenon rather than a broad bubble, it permanently altered market dynamics by highlighting the growing influence of social media-fueled retail trading against traditional Wall Street institutions.
- The Economist13 min
Joe Biden's top 7 domestic priorities
Joe Biden, Jon Fasman, Charlotte Howard
President Biden launched a $1.9 trillion economic relief package targeting pandemic response, job recovery, and childhood poverty while simultaneously pursuing net-zero emissions goals through executive actions and agency-wide initiatives. The administration advanced legislative proposals for undocumented immigrant pathways and systemic racism reforms, though analysts warn these efforts face significant congressional hurdles alongside debates on Big Tech regulation. Ultimately, the administration's strategy prioritizes competent, incremental governance over political grandstanding to navigate deep partisan divides and stabilize the nation's economy and social structures.
- Goldman Sachs10 min
Julian Salisbury, Global Co-Head of Asset Management at Goldman Sachs
Goldman Sachs deployed its $14 billion Strategic Solutions Fund between early 2020 and mid-2020 to provide junior debt and equity liquidity for corporate balance sheet repair, prioritizing immediate survival over business model optimization during the initial pandemic shock. The firm's approach balanced aggressive capital deployment with strict valuation discipline in emerging markets, relying on a global team capable of overriding local preferences to avoid overpriced assets. Executive Julian Salisbury emphasized that rigorous due diligence and learning from operational errors are critical to success, urging new investors to challenge expert narratives through direct questioning and independent verification.
- Goldman Sachs10 min
What’s the Outlook for Retirement Savers in 2021?
Despite 2020's asset recovery, corporate defined benefit plan funded ratios remain stagnant due to persistent low interest rates, though early 2021 rate hikes offer a potential pathway to improve liabilities. Institutional investors are shifting toward private markets and active management to target returns in a low-yield environment while utilizing liability hedging to optimize capital allocation. Simultaneously, defined contribution balances surged driven by professional management, prompting legislative efforts to expand coverage and strategic initiatives to convert accumulated assets into sustainable retirement income streams.
- Goldman Sachs10 min
The Evolution of the Online Food Delivery Industry
Goldman Sachs Research identifies online food delivery as a sector where pandemic-accelerated adoption has created sticky demand, driving a shift from pure food logistics to broader last-mile services through partnerships with retailers like Walmart and Macy's. While the industry faces labor supply shifts and regulatory costs regarding driver classification, market leaders are transitioning toward operational rationalization to escape hyper-competitive pricing models. This strategic evolution signals a maturation phase where companies aim to stabilize usage frequency and improve long-term profitability by scaling networks rather than relying on loss-leading customer acquisition.
- Goldman Sachs12 min
France’s Economic Environment for 2021
Recorded in January 2021, this discussion with Goldman Sachs executives forecasts a French GDP contraction of 8.5% to 9.2% for 2021, projecting a return to 2019 levels by 2022 contingent on pandemic management and supported by $130 billion in state-guaranteed loans. The dialogue details sector-specific resilience, noting that small businesses and the tech industry secured significant government aid while corporate M&A activity rose 8% despite lingering challenges in travel and hospitality. Additionally, the event highlights Goldman Sachs's strategic expansion in Paris, including a headcount doubling and a new office relocation in 2022 to serve as a hub for continental European clients and emerging IPO markets.