Exchanges

The Markets: Pricing in the probability of a recession

12 May 2023

Contributed by Lukas

Analyzing this week’s CPI print, continuing concerns in the banking sector, and the ongoing debt limit debate, Joseph Briggs, a global economist in ...

Breaking Free: The rise of corporate separations

11 May 2023

Contributed by Lukas

In an environment where merger and acquisition activity is still relatively subdued, companies are turning to spinoffs, sales and divestitures. But wh...

U.S.-China: more decoupling ahead?

09 May 2023

Contributed by Lukas

Geopolitical tensions between the U.S. and China have been running high for some time, but are escalating as President Biden prepares to unveil furthe...

The Markets: Fed rate hikes, banking stress & debt limit concerns

05 May 2023

Contributed by Lukas

Explaining the takeaways from this week’s Fed decision, recent banking sector stress and debt limit concerns, Ashish Shah, chief investment officer ...

Is big tech back?

04 May 2023

Contributed by Lukas

After a sharply disappointing performance in 2022, tech stocks are roaring back. But is the latest revival just a short-term blip? Or is there a new g...

What happens if the U.S. government can’t pay its bills?

02 May 2023

Contributed by Lukas

The debate over the U.S. debt ceiling is quickly heating up. If the debt limit is not lifted before the deadline, what does this mean for markets and ...

The Markets: Volatility, Earnings, and European Equities

28 Apr 2023

Contributed by Lukas

Discussing US equity volatility hitting a low, the takeaways from US and European earnings, and what to expect in next week’s Fed and ECB meetings, ...

Navigating the trillion dollar path to a more sustainable economy

27 Apr 2023

Contributed by Lukas

The path to net zero has never been more complicated as businesses and governments look to balance short-term energy demands with long-term sustainabi...

How Porsche CEO Oliver Blume is driving innovation

25 Apr 2023

Contributed by Lukas

The initial public offering of luxury car manufacturer Porsche last fall was a bright spot in an otherwise difficult equity market. So how has the aut...

The Markets: A ‘bulletproof’ stock market?

21 Apr 2023

Contributed by Lukas

Breaking down recent bank earnings, China’s GDP, European markets and the tech sector, Tony Pasquariello, global head of hedge fund coverage for Glo...

Navigating the ‘perfect storm’ in commercial real estate

18 Apr 2023

Contributed by Lukas

The recent stress in the banking sector appears to have abated but there are knock-on effects that are pressuring a key corner of the economy: commerc...

What’s on the minds of the world’s largest investors?

14 Apr 2023

Contributed by Lukas

As one of the largest investors in the world, insurers represent about $30 trillion in assets — which means their investment decisions can have an o...

All about bank(panic)s and the implications for policy

11 Apr 2023

Contributed by Lukas

The recent banking turmoil in the U.S. and Europe triggered by the failure of Silicon Valley Bank — the largest bank failure since the 2008 financia...

How Europe’s tech startups are continuing to innovate in the current market

06 Apr 2023

Contributed by Lukas

From artificial intelligence and machine learning, to virtual reality and wearable technology, disruptive tech has been at the forefront of markets an...

What’s driving the surge in shareholder activism activity?

04 Apr 2023

Contributed by Lukas

Even the world's largest companies aren't immune to activist investors. With the management teams of large-cap companies attracting the attention of a...

Bain Capital’s Stephen Pagliuca on private equity and the Boston Celtics

31 Mar 2023

Contributed by Lukas

In this episode of Exchanges at Goldman Sachs: Great Investors, Stephen Pagliuca, senior advisor at Bain Capital, speaks with Alison Mass, chairman o...

Navigating the new geopolitical and technology landscape

28 Mar 2023

Contributed by Lukas

In an era of geopolitical instability and economic uncertainty, what are the implications for companies and investors? In the latest episode of Exchan...

What the banking turmoil means for investors’ portfolios

22 Mar 2023

Contributed by Lukas

Since the failure of Silicon Valley Bank, investors are closely watching how stress in the financial sector is spreading through markets and the econo...

The impact of bank failures on markets and the economy

15 Mar 2023

Contributed by Lukas

The collapse of Silicon Valley Bank and Signature Bank has sparked broader concerns about the health of the banking industry. So what is the significa...

How much higher can bond yields go?

07 Mar 2023

Contributed by Lukas

Stronger economic data has recently raised concerns that inflation is likely to remain stickier than expected. In the latest episode of Exchanges at G...

How 3 retail CEOs are navigating today’s economic landscape

03 Mar 2023

Contributed by Lukas

How are retailers navigating an environment of slowing consumer demand, high interest rates and rising prices? In the latest episode of Exchanges at ...

Is it time to invest in emerging markets?

28 Feb 2023

Contributed by Lukas

As the global economic backdrop continues to improve, is it time to invest in emerging markets? In the latest episode of Exchanges at Goldman Sachs, ...

Goldman Sachs CEO David Solomon on the economy, markets and the firm’s performance

24 Feb 2023

Contributed by Lukas

In a special episode of the Exchanges at Goldman Sachs podcast, Goldman Sachs Chairman and CEO David Solomon shares his views on the macroeconomic env...

Are we on the cusp of a generative AI revolution?

21 Feb 2023

Contributed by Lukas

As new artificial intelligence technologies, such as ChatGPT, capture the public’s imagination, are we at a tipping point in technological advanceme...

Should investors stay invested in 2023?

14 Feb 2023

Contributed by Lukas

2022 was a difficult year for investors' portfolios, and while our Investment Strategy Group expects this year to be less turbulent for markets, there...

Why investors are leaning into alternatives: Apollo’s Marc Rowan

10 Feb 2023

Contributed by Lukas

In this episode of Exchanges at Goldman Sachs: Great Investors, Marc Rowan, CEO and co-founder of Apollo Global Management, speaks with Alison Mass, ...

The Bigger Worry: Growth or Inflation?

07 Feb 2023

Contributed by Lukas

Recession was the big fear heading into 2023, but the global growth outlook seems to be — if anything — improving. But could this better growth ou...

How Employee Ownership Models Can Boost Returns: KKR’s Pete Stavros

31 Jan 2023

Contributed by Lukas

In this episode of Exchanges at Goldman Sachs: Great Investors, Pete Stavros, co-head of Americas Private Equity at KKR, speaks with Alison Mass, cha...

As China reopens, what’s ahead for commodities in 2023?

24 Jan 2023

Contributed by Lukas

Commodities were the best-performing asset class in 2022 but have recently taken a hit as recession fears loom. So what's in store for them in 2023? I...

The global economy in 2075: Growth slows as Asia rises

17 Jan 2023

Contributed by Lukas

What are the long-term trends shaping the global economy? What countries are likely to power global growth in the decades to come? In the latest episo...

What’s ahead for economies and markets in 2023?

11 Jan 2023

Contributed by Lukas

What’s in store for economies and markets in 2023? In the latest episode of Exchanges at Goldman Sachs, Jan Hatzius, head of Goldman Sachs Research ...

M&A in 2023: A complex but optimistic outlook for deal-making

03 Jan 2023

Contributed by Lukas

After soaring to record levels in 2021, the global M&A market slowed in 2022 against a challenging economic environment. So what can we expect in 2023...

What’s next for crypto regulations?

20 Dec 2022

Contributed by Lukas

The recent rapid collapse of cryptocurrency exchange FTX on the heels of the crash of Terra’s Luna stablecoin and the failure of the Celsius crypto ...

The Outlook for Financial Services

13 Dec 2022

Contributed by Lukas

Banks are often seen as a bellwether for the economy—so what are they signaling about the outlook for the US? GS Research’s Richard Ramsden and Al...

Asset Allocation Outlook for 2023: Greater Diversification and Divergence

06 Dec 2022

Contributed by Lukas

Market volatility, inflation and positive correlations across assets have put a question mark on the diversification benefits of multi-asset portfolio...

The Path to Net Zero: Managing the Transition

29 Nov 2022

Contributed by Lukas

Rising concerns over climate change are spurring investments into clean energy to help bring the world closer to net zero. But where are we in that tr...

Central bank tightening: what could break?

22 Nov 2022

Contributed by Lukas

Central banks’ aggressive policy tightening has raised concerns about what could break in a global financial system accustomed to low rates. In the ...

Europe’s Energy Crisis: End in sight or far from over?

15 Nov 2022

Contributed by Lukas

Plentiful natural gas supplies and mild weather across Europe are creating optimism that the continent may be able to avoid shortages and blackouts th...

Breaking Down the U.S. Midterm Elections: What’s Next for Policy, Markets and Economic Growth

10 Nov 2022

Contributed by Lukas

As the voting continues from the U.S. midterm elections, the results so far indicate a status quo in country’s political divisions. But what does a ...

Amid Rising Inflation and Slowing Growth, How is the U.S. Consumer Faring?

08 Nov 2022

Contributed by Lukas

As the holiday shopping season kicks off — against a backdrop of high inflation and slowing economic growth — will consumers continue to remain a ...

Caught in a ‘Financial Vortex’: Why Retirement Expectations Often Fall Short of Reality

01 Nov 2022

Contributed by Lukas

Amid rising interest rates, high inflation, and market volatility, a challenging macroeconomic environment is throwing individuals’ retirement readi...

Navigating Macro Headwinds: A Conversation With the Founders of Brex and Chief

25 Oct 2022

Contributed by Lukas

What’s top of mind for exceptional entrepreneurs? In the latest episode of Exchanges at Goldman Sachs, Goldman Sachs’ Kim Posnett, global head of ...

China’s Congress: an inflection point?

18 Oct 2022

Contributed by Lukas

The 20th Party Congress of the Chinese Communist Party, which kicked off on Sunday, promises to be one of the most significant events for China in mod...

Taking Stock: What’s Ahead for US Markets

11 Oct 2022

Contributed by Lukas

It’s been a bleak year for the stock market which, despite some short-term rallies, is still firmly entrenched in bear market territory. So where do...

Breaking Down the Dollar's Rise

04 Oct 2022

Contributed by Lukas

What’s behind the volatility in the currency markets—and how much higher can the dollar go? In the latest episode of Exchanges at Goldman Sachs, K...

Why Sustainability is a Fashion Staple

27 Sep 2022

Contributed by Lukas

One of the fastest-growing sectors in the fashion and apparel industry has been the resale market, fueled by price and environmental concerns. So what...

Will Slaying Inflation Require Recession?

20 Sep 2022

Contributed by Lukas

In the fight to combat high inflation, the Federal Reserve and the European Central Bank have embarked on aggressive tightening paths. But how much da...

Bear Market Bounce or Stock Market Bottom?

13 Sep 2022

Contributed by Lukas

Has the stock market hit bottom yet? Or are we seeing another false bottom? In the latest episode of Exchanges at Goldman Sachs, Peter Oppenheimer, Ch...

How Inflation, Rates and Recession Are Reshaping the Real Estate Market

06 Sep 2022

Contributed by Lukas

While the real estate market has been a near sure-fire investment in recent years, rising rates, inflation and recession risks are reshaping the inves...

Why We’re In a ‘Golden Age’ of Life Sciences Innovation

16 Aug 2022

Contributed by Lukas

The business of life sciences came into sharp focus after the pandemic highlighted the effectiveness of mRNA vaccines in protecting people against COV...

Food, Fuel, and the Cost-of-Living Crisis

09 Aug 2022

Contributed by Lukas

The recent decline in commodity prices has provided a rare respite for central banks trying to rein in high inflation. But are the energy and food cri...

Investing with Permira’s Tara Alhadeff

05 Aug 2022

Contributed by Lukas

In this episode of Exchanges at Goldman Sachs: Great Investors, Tara Alhadeff, partner at Permira, talks with Alison Mass, chairman of Goldman Sachs’...

Asianomics in America: Contributions and Challenges

02 Aug 2022

Contributed by Lukas

The Asian American community has seen marked success in education, income and innovation but remains underrepresented in managerial and executive posi...

Investing with Forerunner’s Eurie Kim

29 Jul 2022

Contributed by Lukas

In this episode of Exchanges at Goldman Sachs: Great Investors, Eurie Kim, Managing Partner at Forerunner Ventures, speaks with Goldman Sachs’ Kat...

Small Business Owners Pivot from Challenges to Opportunities

26 Jul 2022

Contributed by Lukas

Small businesses are the life blood of the U.S. economy and the backbone of local communities , but the current economic environment is proving especi...

Investing with Oaktree Capital Management’s Howard Marks

22 Jul 2022

Contributed by Lukas

In this episode of Exchanges at Goldman Sachs: Great Investors, Howard Marks, Co-Chairman of Oaktree Capital Management, speaks with Goldman Sachs’...

How Companies are Navigating the Energy Transition

19 Jul 2022

Contributed by Lukas

From geopolitical tensions, surging gas prices and energy shortages, how are major companies dealing with the energy transition? In the latest episode...

Investing with The Carlyle Group’s Sandra Horbach

15 Jul 2022

Contributed by Lukas

In this episode of Exchanges at Goldman Sachs: Great Investors, Sandra Horbach, co-head of US Buyout and Growth at The Carlyle Group, talks with Gold...

The Boom in Private Credit

12 Jul 2022

Contributed by Lukas

One of the fastest-growing areas within the private financial markets is private credit— where money managers, instead of banks, lend directly to co...

Investing with KKR’s Tara Davies

08 Jul 2022

Contributed by Lukas

How is one of the most senior dealmakers in Europe navigating inflationary pressures? In the latest episode of Exchanges at Goldman Sachs: Great Inve...

Goldman Sachs Chairman and CEO David Solomon on the Economy, Investing and Sustainability

05 Jul 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Goldman Sachs Chairman and CEO David Solomon joined Valentijn van Nieuwenhuijzen, CIO of NN Inves...

Investing with Norges Bank Investment Management’s Nicolai Tangen

01 Jul 2022

Contributed by Lukas

How is the leader of the world’s largest sovereign wealth fund navigating slowing economic growth, rising inflation and geopolitical conflicts? In E...

Cybersecurity Deals Surge Amid Rising Attacks

28 Jun 2022

Contributed by Lukas

The scale and sophistication of cyberattacks are rising exponentially. But so are the levels of investment, innovation and corporate activity in the s...

Investing with KKR’s Joe Bae

24 Jun 2022

Contributed by Lukas

Investors are facing one of the most challenging backdrops in recent years amid slowing economic growth, rising inflation and geopolitical conflicts. ...

Equity Bear Market: A Paradigm Shift?

21 Jun 2022

Contributed by Lukas

Against a challenging backdrop of sky-high inflation, rising rates and growing recession concerns, the S&P 500 has had an undeniably grim start to the...

Investing with Altimeter Capital’s Brad Gerstner

17 Jun 2022

Contributed by Lukas

Investors are facing one of the most challenging backdrops in recent years amid slowing economic growth, rising inflation, and geopolitical conflicts....

How Retail Investors Are Shaping Markets

14 Jun 2022

Contributed by Lukas

The pandemic spurred a new generation of retail investors, many of whom are now stepping away from the markets. In the latest episode Exchanges at Gol...

Investing with Advent International’s Tricia Glynn

10 Jun 2022

Contributed by Lukas

Investors are facing one of the most challenging backdrops in recent years amid slowing economic growth, rising inflation, and geopolitical conflicts....

A ‘Seismic’ Shift in Private Markets

07 Jun 2022

Contributed by Lukas

The private financial markets have grown sharply in recent years as easy monetary policies drove investors towards illiquid markets offering higher yi...

Facing Rising Rates, Insurers Turn to Private Assets, Real Estate — Even Crypto

31 May 2022

Contributed by Lukas

The world’s largest investors — insurers — are relatively optimistic about the investment landscape, despite rising concerns about inflation. In...

What’s Behind the Tech Sell-Off?

24 May 2022

Contributed by Lukas

How low can tech go? The sharp sell-off in technology shares is one of the sector’s worst stretches in years. In our latest Exchanges at Goldman Sac...

Crypto Volatility: What’s the Outlook for Digital Assets?

18 May 2022

Contributed by Lukas

As investors pull back from risk assets amid fears of slowing economic growth, what does the future of digital assets and cryptocurrencies hold? In ou...

Is (De)globalization Ahead?

10 May 2022

Contributed by Lukas

Amid the Russia-Ukraine conflict, COVID-19 lockdowns and associated supply chain disruptions, globalization is arguably facing its biggest test of the...

The Road to 2050: Balancing Climate Goals with Energy Security

03 May 2022

Contributed by Lukas

The road to reducing greenhouse gas emissions to zero by 2050 has never been more urgent, but geopolitical tensions, supply chain disruptions and risi...

How China’s ‘Perfect Storm’ and Economic Headwinds Are Affecting Markets and Investors

26 Apr 2022

Contributed by Lukas

As COVID-19 lockdowns in China threaten to further upend supply chains and the global economy, investors are reevaluating their exposure to China. In ...

Changes at the Top: Spinoffs, Separations and Restructurings

19 Apr 2022

Contributed by Lukas

Against a challenging macroeconomic backdrop, a growing number of companies are turning to spinoffs, separations and carve-outs in an effort to create...

Rising Stagflation Risks Are Changing the Investment Playbook

12 Apr 2022

Contributed by Lukas

For decades, investors have relied on a 60/40 portfolio — a mix of 60% stocks and 40% bonds — for steady growth and income. But rising stagflatio...

Europe’s Digital Economy: What’s Driving Europe’s Tech Acceleration

05 Apr 2022

Contributed by Lukas

Innovations in the U.S. and China have largely overshadowed Europe's tech scene. But now, thanks to supportive government policies and a surge of priv...

How the Russia-Ukraine Crisis is Reshaping the Global Energy Landscape

29 Mar 2022

Contributed by Lukas

How is Europe weaning itself from Russian oil and gas? In our latest Exchanges at Goldman Sachs, Goldman Sachs Research’s Samantha Dart, senior ener...

How Policymakers are Navigating Stagflation Risk

25 Mar 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Former President of the Federal Reserve Bank of Boston Eric Rosengren, Vice Chairman of BlackRock...

Gene Editing: The Future of Genomic Medicine & Biotech Investing

23 Mar 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Salveen Richter, Lead Analyst for the U.S. Biotechnology Sector in Goldman Sachs Research, explai...

The Next Tech Battleground: Online Gaming & the Metaverse

15 Mar 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Jung Min, co-COO of Global Technology, Media and Telecom (TMT) and co-head of TMT in Asia Pacific...

Raising Capital: How Corporate Financing Strategies Are Evolving

08 Mar 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Beth Hammack, Goldman Sachs’ co-head of the Global Financing Group in the Investment Banking Di...

What the Russia-Ukraine Conflict Means for the Global Economy and Markets

01 Mar 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Goldman Sachs Research’s Daan Struyven, senior global economist, Peter Oppenheimer, chief globa...

What the Fed’s Hawkish Pivot Means for Economic Growth and Markets

22 Feb 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, David Mericle, Goldman Sachs Research’s chief U.S. economist, and Brian Friedman, Global Market...

The Case for Commodities: ‘Super-Backwardation,’ Structural Demand and Inventory Shortages

15 Feb 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Jeffrey Currie, Global Head of Commodities Research in the Goldman Sachs Research, discusses why ...

What’s Ahead for the Housing Market

08 Feb 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Toll Brothers CEO and Chairman Doug Yearley and Terry Hagerty, Goldman Sachs’ co-head of Homebu...

Piloting Through: Why Investors Should Stay the Course

01 Feb 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Sharmin Mossavar-Rahmani, Head of the Investment Strategy Group and Chief Investment Officer for ...

Is 2022 the Endemic Year?

27 Jan 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Jeffrey Shaman, Director of the Climate and Health Program at Columbia University’s Mailman Sch...

As Rates Reprice and Stocks Sell Off, What’s Next?

24 Jan 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Goldman Sachs Research’s David Kostin and Global Markets Division’s Jonathan Shugar share th...

Goldman Sachs’ David Solomon on the Firm’s Performance, the Global Economy and What to Expect in 2022

18 Jan 2022

Contributed by Lukas

In the latest episode of Exchanges at Goldman Sachs, Goldman Sachs Chairman and CEO David Solomon shares his thoughts on the year ahead and what he ex...

Understanding the Metaverse and Web 3.0

11 Jan 2022

Contributed by Lukas

The “metaverse” has captured the imagination of technology investors, but what is it, and what does it signal for the next era of computing? In th...

What’s Next for M&A

04 Jan 2022

Contributed by Lukas

The record wave of M&A activity that we witnessed in 2021 is showing no signs of slowing as we turn the page on a new year. Goldman Sachs’ Stephan F...

Accelerating Transition: Market Tools for ESG

28 Dec 2021

Contributed by Lukas

In part 5 of our special miniseries, host Kara Mangone talks to Sarah Lawlor, Chief Operating Officer of the Sustainable Solutions Council in the Glob...

Investing in Climate Change 2.0

21 Dec 2021

Contributed by Lukas

Despite mixed progress on global climate action at COP26, a key takeaway emerged: the private sector is stepping up to tackle climate change. In this ...

Redefining the Retirement Landscape

14 Dec 2021

Contributed by Lukas

Retirement expectations in the wake of COVID-19 are evolving and may be at odds with reality, according to the inaugural Retirement Survey & Insights ...

Accelerating Transition: Public-Private Partnerships

10 Dec 2021

Contributed by Lukas

In part 4 of our special miniseries, host Kara Mangone talks to John Greenwood of our Investment Banking Division and Ahmed Saeed of the Asian Develop...

What India’s Digital Transformation Means for Markets, Investors and Economic Growth

07 Dec 2021

Contributed by Lukas

India’s digital transformation is driving a surge in tech IPOs that is reshaping its markets and economy. Goldman Sachs Research’s Tim Moe, Sunil ...

Accelerating Transition: Nature Based Solutions

02 Dec 2021

Contributed by Lukas

In part 3 of our special miniseries, host Kara Mangone explores nature based solutions in sustainable finance with Peter Kelly and Lisa Williams of GS...

What’s Ahead for Global Economies and Markets in 2022?

30 Nov 2021

Contributed by Lukas

Global economies and markets are facing a more complicated landscape amid rising rates, slowing growth and shifting monetary and fiscal policies. Gold...