Exchanges
Episodes
How Clearlake Capital’s José E. Feliciano is finding value across private markets
04 Nov 2024
Contributed by Lukas
Clearlake Capital’s Co-Founder and Managing Partner José E. Feliciano discusses the firm’s flexible approach to investing in the private markets,...
What will the US presidential election mean for the economy?
29 Oct 2024
Contributed by Lukas
How could the proposed policy agendas between the two US presidential candidates shape markets and economies? Top economists from the Democratic and R...
Battery Ventures’ Chelsea Stoner on the power of being ‘stage agnostic’ in tech investing
22 Oct 2024
Contributed by Lukas
Chelsea Stoner, general partner of Battery Ventures, has long been focused on the ways in which software is transforming a variety of industries. In a...
More gains ahead for US stocks?
15 Oct 2024
Contributed by Lukas
The S&P 500 has staged a remarkable rally since the start of the year. How much more upside should investors expect — and what could drive those gai...
How to find alpha: Bridgewater Associates' Co-CIO Karen Karniol-Tambour
10 Oct 2024
Contributed by Lukas
Bridgewater Associates’ Co-CIO Karen Karniol-Tambour describes where she’s seeing opportunities for higher returns and the macro factors shaping t...
Why oil and gold prices could keep rising
08 Oct 2024
Contributed by Lukas
Escalating conflicts in the Middle East, coupled with China’s latest round of stimulus, are changing the supply-and-demand dynamics for oil prices. ...
The missing link to retirement security
01 Oct 2024
Contributed by Lukas
Michael Moran, a pension strategist in Goldman Sachs Asset Management, explains how the current macro environment is changing the retirement picture f...
Falling rates: A salve for real estate?
24 Sep 2024
Contributed by Lukas
The Fed has begun a long-awaited cutting cycle, potentially providing some relief to rate-sensitive sectors. Goldman Sachs’ Lotfi Karoui and Jeff Fi...
How Sequoia Capital’s Roelof Botha is forging the future
20 Sep 2024
Contributed by Lukas
Sequoia Capital’s Roelof Botha, one of Silicon Valley’s most highly respected investors, discusses his career, Sequoia’s unique culture and inve...
Why China’s economy is struggling
17 Sep 2024
Contributed by Lukas
After a stronger-than-expected start to the year, China’s economy is showing signs of weakening as the world’s second-largest economy struggles wi...
Private equity investing with Blackstone’s Joe Baratta
10 Sep 2024
Contributed by Lukas
Blackstone’s Global Head of Private Equity Joe Baratta shares his outlook for the private equity industry, the macro environment today, and his evol...
Will Fed policy trigger a US recession?
05 Sep 2024
Contributed by Lukas
Many view the recent rise in the unemployment rate as a concerning sign about the economic outlook, fueling recession fears. Could the US economy fall...
Will Fed policy trigger a US recession?
04 Sep 2024
Contributed by Lukas
Many view the recent rise in the unemployment rate as a concerning sign about the economic outlook, fueling recession fears. Could the US economy fall...
Women in the workforce: Analyzing the gains and gaps
20 Aug 2024
Contributed by Lukas
Twenty-five years ago, Goldman Sachs research analyst Kathy Matsui wrote a report about the Japanese economy called Womenomics, stating that future po...
How a popular trade collapsed — and why it matters
13 Aug 2024
Contributed by Lukas
The rapid unwinding of the Japanese yen carry trade is rippling through global markets. Goldman Sachs Research’s Kamakshya Trivedi, head of Global F...
Why recession fears are likely overblown
06 Aug 2024
Contributed by Lukas
Global markets sold off sharply amid rising US recession fears. Goldman Sachs Research’s Chief US Economist David Mericle explains why those concern...
TPG CEO Jon Winkelried on the evolution of private equity and alternative markets
02 Aug 2024
Contributed by Lukas
“Tectonic shifts” are reshaping the private markets and spurring consolidation among alternative asset managers, explains TPG CEO Jon Winkelried o...
Can the US consumer stay strong?
30 Jul 2024
Contributed by Lukas
The US consumer has powered the global economy in recent years, but are signs of strain starting to form? Goldman Sachs Research’s Chief US Economis...
Private credit investing with Ares Management’s Mike Arougheti
23 Jul 2024
Contributed by Lukas
Ares Management’s Co-founder, CEO, and President Mike Arougheti shares his outlook for the economy and private markets, his evolution as a leader, a...
A skeptical look at AI investment
16 Jul 2024
Contributed by Lukas
Tech giants and beyond are set to spend an estimated $1 trillion on AI capex in coming years. Will this investment pay off? And if it doesn’t, what ...
Oil’s extended reign? Adapting to a new era in oil markets
09 Jul 2024
Contributed by Lukas
Rising incomes and slowing electric vehicles sales are slowing the world’s transition away from oil. Goldman Sachs Research’s Daan Struyven and Ni...
Taking stock: Can the US rally continue?
02 Jul 2024
Contributed by Lukas
Can US stocks sustain their rally from here? Goldman Sachs Research’s David Kostin, chief US equity strategist, shares his outlook for equities for ...
Large-cap investing with Jennison Associates’ Kathleen McCarragher
28 Jun 2024
Contributed by Lukas
Long-time large-cap growth manager Kathleen McCarragher of Jennison Associates speaks with Goldman Sachs’ Betsy Gorton about investing through multi...
Why the French and UK elections matter for investors
25 Jun 2024
Contributed by Lukas
As two of Europe's three largest economies head to the polls, what are markets telling us about the political landscape? Goldman Sachs Research's Shar...
2024 midyear outlook: building portfolios for a more volatile macroeconomic backdrop
18 Jun 2024
Contributed by Lukas
Goldman Sachs’ Christian Mueller-Glissmann and Alexandra Wilson-Elizondo discuss their outlooks for asset classes and portfolios heading into the se...
Power surge: AI, renewable energy, and the future of electricity
11 Jun 2024
Contributed by Lukas
The demand for power, driven in part by the rise of generative artificial intelligence, is set to grow to levels not seen in a generation. Goldman Sac...
Central bank divergence: Why it's happening and why it matters
04 Jun 2024
Contributed by Lukas
The Federal Reserve has historically led a relatively synchronized monetary policy cycle across the major economies, but this cycle seems to be shapin...
Can private equity bounce back?
28 May 2024
Contributed by Lukas
On this episode of Goldman Sachs Exchanges, Goldman Sachs Research’s Alex Blostein joins moderator Allison Nathan to discuss the challenges and oppo...
Is China’s rebound for real?
21 May 2024
Contributed by Lukas
After better-than-expected economic data kicking off the year, and a blistering start for the equity market, where does China go from here? Goldman Sa...
How AI, the energy transition, and the future of work are shaping impact investing
14 May 2024
Contributed by Lukas
Is it possible to have a positive impact through investing without giving up on returns? Brian Singer of Goldman Sachs Research and Greg Shell of Gold...
Is the UK economy finally turning the corner?
07 May 2024
Contributed by Lukas
Goldman Sachs Research's Jari Stehn joins Charlotte Keenan of the firm's Office of Corporate Engagement to discuss the UK economy’s unique economic ...
Why Treasury auctions — and rising deficits — are becoming a focal point for markets and investors
30 Apr 2024
Contributed by Lukas
Recent weakness in US Treasury bond auctions have become a focal point for markets. Goldman Sachs’ Jonny Fine and Alec Phillips discuss the implicat...
Weighing the GLP-1 Market
23 Apr 2024
Contributed by Lukas
The newest generation of GLP-1 drugs are being hailed by some as “miracle drugs” for the treatment of obesity. But GLP-1s are expensive, insurance...
Are inflation fears overblown? The outlook for inflation, US growth, and long-term rates
16 Apr 2024
Contributed by Lukas
Goldman Sachs Research’s US Chief Economist David Mericle explains why worries over overheating inflation are overblown and why the outlook for US e...
Global insurers turn to private credit — and AI
09 Apr 2024
Contributed by Lukas
Where do the world’s largest investors see investment opportunities? Against a more constructive macroeconomic environment, insurers appear to be mo...
Capital Group’s Rob Lovelace on long-term investing, succession planning, and leadership lessons
02 Apr 2024
Contributed by Lukas
Capital Group’s Rob Lovelace discusses the firm’s distinct investment process and culture, how he’s thinking about macro trends, and his lessons...
Are the largest US stocks too dominant?
26 Mar 2024
Contributed by Lukas
The US stock market is more concentrated than it’s been in decades, with a small number of stocks accounting for an unusually large share of market ...
Global transit & trade: in rough waters
19 Mar 2024
Contributed by Lukas
Transit on the seas — the planet’s most important means of trade — has become more fraught amid geopolitical and climate-related disruptions, pa...
High mortgage rates, limited inventory continue to challenge the US housing market
12 Mar 2024
Contributed by Lukas
High mortgage rates and a limited supply of homes have created one of the tightest markets in decades. Goldman Sachs Research’s Roger Ashworth expla...
What’s ahead for retail: how retail CEOs are navigating a more complex environment
05 Mar 2024
Contributed by Lukas
Retailers are facing a more complex environment in 2024, say Goldman Sachs’ Tim Ingrassia, co-chairman of Global Banking & Markets’ Global Mergers...
Beyond roads, bridges, and tunnels: the megatrends shaping infrastructure investments
28 Feb 2024
Contributed by Lukas
Climate change, artificial intelligence, shifting supply chains, and population growth are among the broader forces that have boosted the returns — ...
Dimensional’s Founder and Chairman David Booth on being an index pioneer, working with Nobel laureates, and investing through uncertainty
23 Feb 2024
Contributed by Lukas
David Booth, founder and chairman of Dimensional Fund Advisors, reflects on his career in applying the finance theory he learned at the University of ...
Shifting supply and demand dynamics buffer oil market
21 Feb 2024
Contributed by Lukas
Oil prices have remained relatively rangebound despite rising geopolitical tensions. Goldman Sachs Research’s Daan Struyven, head of oil research, e...
2024: the year of elections
13 Feb 2024
Contributed by Lukas
With voters representing over half the world’s population — in the US, Europe, India, and beyond — expected to head to the polls this year, Rich...
Investing in a post-modern ‘super cycle’
06 Feb 2024
Contributed by Lukas
Longer-term structural changes in economic activity, policy, and society can have a bigger impact on investment opportunities than the shorter-term ho...
The Future of Four Wheels: Episode 4, How a New Kind of Car Will Change Our World
01 Feb 2024
Contributed by Lukas
In the final episode of our four-part special series, we look at how infrastructure and the built environment will change cars as evolve into zero-emi...
The Future of Four Wheels: Episode 3, The New New-Car Business
31 Jan 2024
Contributed by Lukas
In the third episode of our four-part special series, we delve into the ways carmakers new and old have to think about raising capital, corporate stru...
The Future of Four Wheels: Episode 2, Building the Car of the Future
30 Jan 2024
Contributed by Lukas
In the second episode of our four-part special series, we go deep into how the production of the car is changing, from new manufacturing methods to th...
The Future of Four Wheels: Episode 1, The Twin Revolution
29 Jan 2024
Contributed by Lukas
In the first episode of our four-part special series, we take a close look at the two fundamental changes that are upending the auto industry: electri...
Goldman Sachs Chairman and CEO David Solomon on the global economy, the deal-making environment, and the firm’s strategic priorities
23 Jan 2024
Contributed by Lukas
Goldman Sachs Chairman and CEO David Solomon shares his view on the global economy, what’s top of mind for business leaders, and why he believes inf...
America Powers On: Why US equities are still poised to outperform in 2024
18 Jan 2024
Contributed by Lukas
Goldman Sachs’ Sharmin Mossavar-Rahmani, head of the Investment Strategy Group (ISG) and chief investment officer of GS Wealth Management, shares IS...
US presidential elections outlook: Implications for policy and markets
09 Jan 2024
Contributed by Lukas
As the primary season in the US presidential election kicks off this month, Goldman Sachs’ Joe Wall from the Office of Government Affairs and Alec P...
KKR’s Henry Kravis on private equity, culture, and global markets
05 Jan 2024
Contributed by Lukas
In this episode of Goldman Sachs Exchanges: Great Investors, Henry Kravis, co-founder and co-executive chairman of KKR, discusses the evolution of the...
Uncharted territory: Navigating a ‘geopolitical recession’
03 Jan 2024
Contributed by Lukas
Against a backdrop of tense US-China relations and the ongoing conflicts in the Middle East and Ukraine, Washington and Wall Street are increasingly w...
Asset allocation outlook: The case for greater portfolio diversification in 2024
20 Dec 2023
Contributed by Lukas
As fears over inflation and interest rates start to moderate, the case for taking on more risk may be rising. Christian Mueller-Glissmann, who heads a...
Focus on financials: Why banks and asset managers are constructive about the economy in 2024
18 Dec 2023
Contributed by Lukas
How is the financial services sector, often seen as a bellwether for the economy, coping with inflation, interest rates, and greater regulatory pressu...
Middle East risks
15 Dec 2023
Contributed by Lukas
In this episode of Goldman Sachs Exchanges, Edward P. Djerejian, former US Ambassador to Israel and Syria, and former US Assistant Secretary of State ...
M&A in 2024: Navigating opportunities and challenges
12 Dec 2023
Contributed by Lukas
After a slow start to 2023, deal-makers are starting to return to the negotiating table. Goldman Sachs’ Stephan Feldgoise and Mark Sorrell, the co-h...
Blackstone’s Kathleen McCarthy on the forces shaping the real estate industry
05 Dec 2023
Contributed by Lukas
As global co-head of real estate at Blackstone, Kathleen McCarthy has helped grow the firm’s real estate assets under management to more than $330 b...
What China’s struggling property sector means for the global economy and markets
28 Nov 2023
Contributed by Lukas
China’s property sector has remained under pressure, hobbling the country’s recovery and weighing on global economic growth. In this episode, Gold...
What’s the outlook for deal-making, corporate and investor sentiment, and markets?
21 Nov 2023
Contributed by Lukas
In this episode of Goldman Sachs Exchanges, Dan Dees, Jim Esposito, and Ashok Varadhan, the co-heads of Goldman Sachs' Global Banking & Markets busine...
Why the global economy and markets can continue to outperform in 2024
14 Nov 2023
Contributed by Lukas
Goldman Sachs’ Jan Hatzius, the firm's chief economist and head of Goldman Sachs Research, and Dominic Wilson, senior advisor in the Global Markets ...
BlackRock’s Tony Kim on the ‘dawn of a new intelligence era’
10 Nov 2023
Contributed by Lukas
In a conversation moderated by Goldman Sachs’ Michael Brandmeyer, BlackRock’s Tony Kim, head of tech sector fundamental equities, shares his views...
The $100 billion opportunity: How anti-obesity drugs are reshaping healthcare and consumer behavior
07 Nov 2023
Contributed by Lukas
Goldman Sachs Research’s Chris Shibutani and Jason English explain the business and investor implications of the latest anti-obesity medications and...
Impactive Capital’s private equity approach to ESG-oriented activism
03 Nov 2023
Contributed by Lukas
Lauren Taylor Wolfe, co-founder and managing partner of Impactive Capital, explains why taking a collaborative, private equity approach as an ESG-orie...
Is US outperformance at a turning point?
01 Nov 2023
Contributed by Lukas
The US has had an exceptional decade. US economic growth and equities have outperformed, and the dollar’s global role remains unchallenged. But can ...
Unlocking the AI M&A Supercycle
24 Oct 2023
Contributed by Lukas
The rapid rise in adoption of generative AI is spurring companies of all sizes to rethink their strategic plans for growth. Goldman Sachs Investment B...
Commercial real estate risks
17 Oct 2023
Contributed by Lukas
US commercial real estate has been hit by the surge in interest rates and a pullback in lending from regional banks. Scott Rechler, chairman and CEO o...
Implications of a higher-for-longer rate regime
11 Oct 2023
Contributed by Lukas
Global bond yields have moved sharply higher in recent weeks, setting the stage for a higher-for-longer rate regime. Goldman Sachs Research’s Pravee...
General Catalyst CEO Hemant Taneja on mission-driven investing, health assurance, and AI’s transformation advantage
06 Oct 2023
Contributed by Lukas
General Catalyst CEO Hemant Taneja shares his insights on the venture capital landscape, society’s digital transformation, and the firm’s mission-...
Why most Americans aren’t saving enough for retirement
03 Oct 2023
Contributed by Lukas
An improving economic backdrop is helping to bolster retirement savings but Americans are facing a raft of financial challenges. A retirement plan and...
The IPO market’s soft opening
26 Sep 2023
Contributed by Lukas
Signs of life in the global IPO market are spurring investor optimism for a broader recovery. On Goldman Sachs Exchanges, David Ludwig, global head of...
Tech companies are investing in growth
19 Sep 2023
Contributed by Lukas
After a period of cost cutting and layoffs — and buoyed by generative AI tailwinds — software and internet companies are starting to invest for gr...
Emerging market equities poised to overtake developed market equities
15 Sep 2023
Contributed by Lukas
Developed market equities have long dominated global equity markets, but that’s set to change in the coming decades. Kevin Daly, co-head of CEEMEA E...
How companies, private equity firms, and institutional investors are navigating the global economy
12 Sep 2023
Contributed by Lukas
Goldman Sachs’ Co-head of Global Banking & Markets Jim Esposito explains how companies and investing clients are navigating markets and the global e...
A conversation with Renaissance Technologies CEO Peter Brown
11 Sep 2023
Contributed by Lukas
In this special episode of Goldman Sachs Exchanges: Great Investors, Peter Brown, CEO of Renaissance Technologies, talks about his career and building...
The Fed is likely finished hiking rates as the US avoids recession
07 Sep 2023
Contributed by Lukas
Worries that rising inflation will force the Federal Reserve to raise interest rates later this year appear to be fading amid encouraging signs in the...
The economic potential of closing gender and racial gaps
22 Aug 2023
Contributed by Lukas
Goldman Sachs Research’s Sharon Bell and Gizelle George-Joseph discuss the progress, challenges, and opportunities facing women and Black Americans,...
The music industry’s turning point
18 Aug 2023
Contributed by Lukas
The music industry is on the verge of another major structural change, so what should listeners, artists, and industry professionals expect over the y...
BlackRock’s Rick Rieder on his career, the markets, and investing in the current environment
17 Aug 2023
Contributed by Lukas
As the Chief Investment Officer of Global Fixed Income for BlackRock, Rick Rieder and his team are responsible for about $2.4 trillion of assets. In t...
Corporate credit concerns
15 Aug 2023
Contributed by Lukas
Higher interest rates are making it more expensive for companies to borrow money. So what could that mean for the health of corporate America? Saba Ca...
Germany: a country at the crossroads
08 Aug 2023
Contributed by Lukas
Germany slipped into a technical recession earlier this year as the country struggles with a weaker manufacturing sector, high inflation and a war on ...
Why the U.K.’s high inflation has global implications
01 Aug 2023
Contributed by Lukas
More than any other advanced economy, the U.K. has been squeezed by sharply higher prices, but new data shows that inflation may be starting to fall. ...
Man Group CEO Luke Ellis on hedge funds, quantitative strategies and lessons in leadership
25 Jul 2023
Contributed by Lukas
Since Luke Ellis took the helm as CEO of Man Group, a global active investment management firm with a significant hedge fund offering, the firm’s as...
What’s next for China’s economy?
21 Jul 2023
Contributed by Lukas
China's emergence from Covid lockdowns was expected to boost the global economy. But a string of disappointing data is giving investors, policymakers ...
Generative AI: hype, or truly transformative?
18 Jul 2023
Contributed by Lukas
Investor interest in generative AI technology has surged. But is the hype and market pricing around the technology warranted? In this episode of Goldm...
Why 'everything aligns' for Japanese stocks
11 Jul 2023
Contributed by Lukas
Goldman Sachs Research’s Bruce Kirk, chief Japan equity strategist, explains the drivers behind the rally in Japan’s equity market and the state o...
Why global equities are poised for “fat and flat” returns
03 Jul 2023
Contributed by Lukas
Global equity markets have performed relatively well in the first half of the year, but can this performance last? Goldman Sachs Research’s Peter Op...
What’s ahead for the U.S. economy?
28 Jun 2023
Contributed by Lukas
The U.S. economy has shown signs of surprising resilience this year, despite concerns over inflation, recession and the Fed’s path from here. In the...
GQG’s Rajiv Jain on bold moves, growth of capital and global markets
20 Jun 2023
Contributed by Lukas
Since GQG Partners’ Chairman and CIO Rajiv Jain co-founded the global boutique asset management firm in 2016, the company has grown to more than $10...
The Markets: What the Fed’s hawkish pause means for markets
16 Jun 2023
Contributed by Lukas
Breaking down the latest decisions from the Fed and the ECB, as well as how corporates are navigating the current economic climate, Jonathan Fine, hea...
An inside look at family offices’ investing strategies
13 Jun 2023
Contributed by Lukas
Family offices have long managed the financial affairs of the world's wealthiest families. In this episode, Meena Flynn and Sara Naison-Tarajano from ...
The Markets: Why the AI-driven tech rally has legs
09 Jun 2023
Contributed by Lukas
Investor enthusiasm for artificial intelligence has driven equity markets higher, but does the current rally have legs? In this week’s Markets podca...
How countries and companies are reshaping their supply chains
06 Jun 2023
Contributed by Lukas
How are countries and companies reshaping their supply chains for a new era of global trade? In this episode, Andrew Tilton, chief Asia Pacific econom...
The Markets: What’s next for U.S. Treasuries
02 Jun 2023
Contributed by Lukas
Discussing what’s next for U.S. treasury issuance as debt ceiling concerns fade, the Fed’s next move, and underlying trends in U.S. equity perform...
Daunting debt limit dynamics
30 May 2023
Contributed by Lukas
In this episode, Stephen Kaplan, associate professor at George Washington University, Alec Phillips, Goldman Sachs Research’s chief political econom...
The Markets: Are markets pricing in the potential of a default?
26 May 2023
Contributed by Lukas
Debt ceiling discussions are the primary focus of markets this week but equity and bond markets are reacting in very different ways, explains Candice ...
Why the ‘great de-stocking’ in oil and commodities could pave the way for future gains
25 May 2023
Contributed by Lukas
Oil and commodity prices have fallen this year amid unprecedented declines in inventories. But this “great de-stocking” could also pave the way f...
The Markets: Why European stocks are beating US equities
19 May 2023
Contributed by Lukas
Breaking down this week’s economic data and events from the Euro area, Japan, China and the U.S., Luke Barrs, global head of client portfolio manage...
Investing during times of market stress
16 May 2023
Contributed by Lukas
In this episode, Goldman Sachs Research’s Christian Mueller-Glissmann, who heads asset allocation research within portfolio strategy, explains how r...