Latest Interviews
Showing 91–105 of 476 interview transcripts.
Clear all filters- Goldman Sachs21 min
Will US Stocks Outperform in 2026?
Sharmin Mossavar-Rahmani, Alison Nathan
Goldman Sachs projects global equities to outperform U.S. stocks in 2026, with emerging markets excluding China forecast to lead returns despite a negative outlook on Chinese assets due to a disconnect between official GDP figures and independent growth estimates. While identifying potential valuation risks and "bubble trouble" within the private AI sector, the firm advises against hedges like gold or Bitcoin in favor of U.S. Treasuries and broad S&P 500 exposure. The strategic recommendation centers on maintaining a diversified portfolio with a U.S. overweight, utilizing the index's rebalancing mechanism to capture long-term returns driven by margin expansion and AI efficiency.
- Goldman Sachs24 min
Qatar PM Al Thani: Diplomacy and Qatar's Economic Future
Al Thani, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Jared Cohen
Qatar leverages its "national security doctrine" to position itself as a neutral global mediator and logistics hub, aiming to prevent regional escalation while securing geopolitical leverage for its economy. This strategy drives the Qatar Investment Authority to transform the state into a multi-sector powerhouse by creating "national champions" like Qatar Airways and Qatar Energy, ensuring growth beyond its small population limits. Following lessons from the 2017 blockade, the nation further strengthens its resilience through Vision 2030, which prioritizes human capital development and diversified energy supplies to maintain stability amid eight concurrent international conflicts.
- Goldman Sachs12 min
“A Massive Broadening Trade”
Rich Privorotsky, Chris Hussey
Global markets are pivoting from a narrative of fading geopolitical risk to one dominated by Japanese bond volatility and a surging "real asset" rally driven by central bank diversification and inflation expectations. While U.S. mega-cap tech faces valuation compression due to AI investment concerns, capital is rotating aggressively into emerging markets and cyclical sectors like Greek banks to capitalize on a broader pro-growth strategy. As investors await critical tech earnings and Federal Reserve leadership nominations, the primary market risk remains a potential shift from rate cut expectations to aggressive hikes should U.S. labor data stabilize.
- Goldman Sachs22 min
Goldman Sachs Chairman and CEO David Solomon on AI, M&A, and Markets
Goldman Sachs analysts project the 2026 global economy will benefit from stimulative fiscal and monetary policies that favor the U.S. structural growth advantage over Europe and China, despite lingering geopolitical risks. The firm anticipates a historic surge in M&A and IPO activity driven by a permissive regulatory environment and shifting CEO sentiment toward dealmaking. Internally, the organization is leveraging its "OneGS 3.0" AI strategy to restructure legacy processes, aiming to boost efficiency and productivity without reducing headcount while focusing future growth on asset and wealth management.
- Goldman Sachs20 min
Will macro tailwinds drive stocks higher?
Markets in early 2025 exhibit a shift from narrow AI concentration to broader cyclical leadership, driven by non-U.S. outperformance in regions like Japan and Korea alongside a breakout in U.S. bond yields. Analysts project a Federal Reserve holding rates through spring before implementing 50 to 100 basis points of cuts later in the year, coinciding with a "Year of the Tariff" that is expected to transition into a global growth cycle by 2026. Investors are consequently advised to diversify beyond the S&P 500 into international equities and U.S. cyclicals like housing and regional banks to navigate elevated valuations and a steeper yield curve.
- Goldman Sachs27 min
Goldman Sachs Exchanges: Outlook 2026 | Episode 3: Assets and Allocation
Peter Oppenheimer, Kamakshya Trivedi, Daan Struyven, Christian Mueller-Glissmann, Alyssa Nathan
A 2026 global equity strategy forecasts sustained optimism driven by profit growth and moderating inflation, with a strategic tilt toward undervalued emerging markets and AI application sectors. The outlook anticipates a depreciating US dollar and a tail end of global easing, prompting portfolio managers to favor equities over credit while hedging against stretched valuations through diversified alternatives. Simultaneously, commodities are positioned for divergence, featuring a base case for a 10% gold rally and strategic long exposure to local US power markets fueled by surging AI data center demand.
- Goldman Sachs14 min
Which Equity Markets Will Outperform?
Goldman Sachs Co-CEO Kunal Shah outlined a robust 2026 U.S. economic outlook featuring 2.8% GDP growth driven by AI-fueled capex and easing financial conditions, while warning of elevated leverage and political risks to central bank independence. The firm forecasts balanced returns across U.S., European, and Asian markets despite divergent drivers, noting that excess savings in non-U.S. regions are shifting toward domestic spending rather than external deficits. In strategic asset allocation, the firm highlights Treasury bonds for diversification if labor markets weaken and recommends gold as a hedge against de-dollarization, though it cautions against shorting credit spreads due to their historically tight levels.
- Goldman Sachs23 min
Goldman Sachs Exchanges: Outlook 2026 | Episode 2: Regional Perspectives
David Mericle, Andrew Tilton, Jari Stehn, Alison Nathan
Goldman Sachs economists David Miracle, Andrew Tilton, and Yari Stein outline regional economic forecasts for 2026, projecting 2.5% US growth driven by tax cuts and Fed rate reductions alongside a resilient 4.8% expansion in China fueled by manufacturing competitiveness. The analysis highlights contrasting monetary trajectories, including the Bank of Japan's aggressive tightening to 0.75% and the ECB's projected rate hold, while warning of US labor market uncertainties and European structural weaknesses. These insights, recorded on January 7, 2026, serve as the second installment of the Outlook 2026 series, setting the stage for subsequent asset class discussions.
- Goldman Sachs26 min
Goldman Sachs Exchanges: Outlook 2026 | Episode 1: The Big Picture
Jan Hatzius, Dominic Wilson, Alison Nathan
Goldman Sachs projects 2026 global growth to reach 2.7%, driven by the "One Big Beautiful Bill Act," German fiscal easing, and the fading impact of 2025 tariffs. The firm forecasts a 2.5% expansion for the U.S. economy alongside expected Federal Reserve rate cuts that aim to lower inflation and address labor market stagnation. While equities are anticipated to deliver low double-digit returns, analysts warn of recession risks tied to the "SOM Rule" and elevated valuations that may trigger significant market volatility.
- Goldman Sachs22 min
Turning $700 into a Billion-Dollar Brand: John Paul DeJoria
John Paul DeJoria, Meena Flynn
John Paul Mitchell founded John Paul Mitchell Systems and successfully launched the Patrón tequila brand by leveraging resilience and a partnership-based management philosophy derived from his Navy service and humble childhood. The company operates under a 360-year trust structure that prevents sale and ensures all proceeds benefit the beauty industry and its partners, while Mitchell continues to prioritize anonymous philanthropy focused on homelessness and food insecurity. Through strategic pivots from hair care to premium spirits, Mitchell transformed a bootstrapped startup into the world's largest privately owned salon hair care company and executed the largest liquor business sale in history.
- Goldman Sachs9 min
Emerging Markets Could Keep Surging
Stratford Dennis, Chris Hussey
Goldman Sachs projects MSCI Emerging Markets equities to deliver 15% returns in 2026, driven by attractive valuations, a weaker dollar, and a strategic preference for broad diversification over concentrated bets on China. The firm highlights Latin America, particularly Brazil, as a primary growth engine ahead of anticipated interest rate cuts, while also championing an "EM AI" sector expected to outperform US peers with 30% earnings growth. Analysts Stratford Dennis and Chris Hussey advise investors to monitor upcoming US employment data for Federal Reserve clarity while positioning portfolios in Taiwan, Korea, and Brazil to capture these specific opportunities.
- Goldman Sachs12 min
Oil Market Impacts from Venezuela
Following the U.S. capture of President Maduro and the installation of an interim government, Venezuela's political transition has triggered a muted market reaction while positioning heavy crude supply for potential growth through 2030. Goldman Sachs projects that increased U.S. reinvestment could boost daily output from 800,000 to 2 million barrels, creating symmetrical short-term volatility but ultimately depressing global prices by approximately $4 by the end of the decade. Concurrently, the geopolitical fracture has driven gold prices up nearly 3% as major powers compete for commodity dominance, with U.S. refiners and energy firms poised to capitalize on the realignment of heavy crude flows toward the West.
- Goldman Sachs24 min
Coinbase CEO Brian Armstrong: Propelling the Crypto Economy
Brian Armstrong, David Solomon
Brian Armstrong co-founded Coinbase in 2012 to bridge cryptocurrency and traditional finance, growing the platform into a publicly traded entity serving over 150 governments and 80% of Bitcoin ETFs. The company is currently transitioning its infrastructure toward an on-chain ecosystem through its Base Layer 2 solution and open-source AgentKit tools, which facilitate AI-driven payments and tokenized assets. Armstrong has further solidified the industry's political viability by mobilizing two million users to support pro-crypto candidates, positioning regulatory clarity as a prerequisite for the next decade of global financial innovation.
- Goldman Sachs35 min
Looking for Trends: One River Asset Management's Eric Peters
Eric Peters, a veteran trader and founder of One River, outlines a macro strategy combining systematic trend following and long volatility to navigate a global debt expansion era while advocating for Bitcoin as a sovereign-resistant collateral. His analysis projects a significant financial crisis within the next decade driven by unsustainable interest obligations, despite current government efforts to leverage AI and monetary policy to delay the inevitable. Peters emphasizes that a robust portfolio must dynamically hedge against these non-linear risks, leveraging historical data showing a 40x return over the S&P 500 since 2007 through this disciplined, non-directional approach.
- Goldman Sachs22 min
AppLovin's Adam Foroughi: The Power of a Startup Mindset
AppLovin CEO Adam Farooqi leads the $200 billion mobile technology firm, which leverages a lean 400-person core team and advanced neural networks to dominate performance marketing and generate over $4 billion in annual EBITA. Following a near-total valuation collapse after its 2021 IPO, the company executed a strategic $5 billion share buyback program that restored over $100 billion in market value and drove stock prices to approximately $600 per share. Farooqi sustains this growth by enforcing a culture of extreme operational efficiency, mandatory AI integration for internal workflows, and direct personal oversight of all key hiring decisions.