Alison
Showing 1–3 of 3 transcripts.
- Goldman Sachs19 min
Keep on truckin’: Will the US continue to outperform other markets?
Sharmin Mossavar-Rahmani, Sharmeen Mosavar-Rahmani, Alison
Goldman Sachs Wealth Management forecasts an 8% base return for U.S. equities in 2025, advocating for a strategic shift from non-U.S. public markets toward U.S.-oriented private assets despite elevated valuations. The firm advises against allocating capital to China, gold, or cryptocurrencies, citing structural headwinds and a lack of intrinsic value, while predicting that interest rates will decline as tariffs remain limited. Consequently, the outlook recommends maintaining a high-quality fixed income hedge to navigate volatility rather than employing costly derivatives or selling equities for tax avoidance.
- Goldman Sachs22 min
The outlook for global deal-making
Stephan Feldgoise, Mark Sorrell, Alison, Stefan
Goldman Sachs projects a moderate 10–15% year-over-year increase in 2025 M&A activity, driven by falling interest rates and post-pandemic portfolio repositioning rather than a sudden market surge. While private equity capital deployment is recovering and Europe leads a global acceleration in deal volumes, significant headwinds persist due to limited exit options for large assets and lingering geopolitical risks. Strategic consolidation remains the dominant theme across energy, healthcare, and technology sectors as firms prioritize scale and generative AI infrastructure, with the IPO market's revival viewed as critical for capital recycling.
- Goldman Sachs21 min
What investors expect from Trump
A Goldman Sachs survey of over 500 investors reveals that the market anticipates a universal tariff as the primary 2025 macro risk while expecting the 2017 tax cuts to be extended alongside a stabilization of net immigration near 750,000 annually. Although investors assign a 35% probability to a universal tariff and project modest additional tax cuts, their outlook suggests that the inflationary pressure from policy shifts will remain contained, allowing the Federal Reserve to prioritize growth and pursue rate cuts. Goldman Sachs concludes that while temporary growth drag may occur in 2025 due to the earlier implementation of immigration and tariff measures, the long-term growth trajectory will remain largely unchanged as fiscal constraints limit further significant tax or spending expansions.