Latest Interviews
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Clear all filters- Goldman Sachs17 min
A Guide to Bubbles and Why We Are Not in One
Peter Oppenheimer, Jake Seward
Peter Oppenheimer identifies that while seven of the nine historical indicators of market bubbles are currently present, the absence of excessive private sector leverage and the current position within an economic recovery cycle distinguish today's environment from past systemic crises. He notes that although mega-cap technology dominance and record equity valuations are significant, they are supported by strong corporate profitability and low bond yields rather than the speculative exuberance that characterized bubbles like the 1999 tech crash. Oppenheimer concludes that while these elevated valuations likely presage lower long-term returns, the market lacks the immediate fragility of a full-blown bubble unless interest rates rise significantly to undermine current conditions.
- Goldman Sachs10 min
Markets Update: Cryptocurrency Trading
Mathew McDermott, Jake Seward, Matt McDermott
Goldman Sachs reports over 300 institutional conversations revealing a strategic shift from curiosity to active Bitcoin allocation, driven by corporate treasurers seeking balance sheet protection and hedge funds reawakening to digital assets. The firm’s proprietary survey indicates that 40% of clients currently hold crypto exposure with 61% planning increases, prompting Goldman to expand its Marquee platform with derivatives and prime brokerage services to navigate US regulatory constraints. While clients project year-end Bitcoin valuations between $40,000 and $100,000, the institution emphasizes that its product development prioritizes hedging and settlement solutions over direct physical delivery to comply with current banking limitations.