Latest Interviews
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Clear all filters- Goldman Sachs13 min
The Outlook for Airlines in 2021
Facing a demand trajectory where passenger volume remains roughly 60% below 2019 levels, the airline industry has weathered a $24 billion loss in the first three quarters of 2020 while securing $54 billion in public debt and utilizing $25 billion in CARES Act grants. Despite operational adjustments such as discontinued middle seat blocking and waived change fees, financial experts project a prolonged recovery period with full pre-pandemic demand not resuming until 2023 due to heightened debt loads and suppressed corporate travel. With consolidation unlikely among the top four domestic carriers and fleet strategies focused on retiring older aircraft, the sector anticipates a gradual return to pre-pandemic business models by 2023.
- Goldman Sachs16 min
Why Investing in the Longest Bull Market in History is Still a Smart Move
Sharmin Mossavar-Rahmani, Jake Siewert, Jake Seward
Goldman Sachs Private Wealth Management's 2020 "Room to Grow" report argues that the current economic expansion will likely persist through 2020, citing favorable central bank policies, a low 20% recession probability, and balanced market conditions that support an 87% chance of positive returns. The firm recommends a strategic overweight in U.S. equities driven by superior demographics and productivity, while cautioning that high capital gains taxes make it inefficient for investors to sell assets waiting for a market dip. Although the analysis acknowledges short-term volatility from geopolitical tensions and the coronavirus outbreak, it projects that disinflationary trends and robust household balance sheets will allow underlying economic growth to reassert itself within months.