The Markets
Episodes
“I’d Rather Be a Bond”
27 Mar 2026
Contributed by Lukas
Bond yields have risen sharply in the past month. Is this move an overreaction – and is it creating opportunities for investors? Lindsay Rosner, Hea...
"The Market Is Fragile"
20 Mar 2026
Contributed by Lukas
While the S&P 500 has traded within a relatively narrow range this year, there are significant signals of stress below the surface, says John Storey, ...
Untangling Signals of Market Stress
13 Mar 2026
Contributed by Lukas
Geopolitical uncertainty and a decline in S&P 500 liquidity are prompting institutional investors to hedge against macro risks. How are investors resp...
New Worries
06 Mar 2026
Contributed by Lukas
A weaker-than-expected employment report, and increasing geopolitical concerns, are leading to significant market volatility. How should investors mak...
$120 Oil Ahead?
04 Mar 2026
Contributed by Lukas
The conflict in Iran has led to a significant spike in oil prices. What will determine the commodity’s next move, and how much higher could oil pric...
A New Way to Trade Emerging Markets
27 Feb 2026
Contributed by Lukas
Emerging market equities have continued to rally in 2026. What’s driving the gains, and where are the opportunities now? Stratford Dennis, head of e...
Tech Comeback Ahead?
20 Feb 2026
Contributed by Lukas
Despite widespread optimism about AI, the US tech sector has lagged meaningfully this year. What factors could lead to a bullish reversal – and whic...
“Still Bullish Gold”
13 Feb 2026
Contributed by Lukas
What’s behind the recent volatility in gold prices – and what could drive further gains through the rest of the year? Lina Thomas, senior commodit...
Stock Market Shakeout
10 Feb 2026
Contributed by Lukas
There is significant volatility beneath the surface of the US equity market. So what’s driving these moves – and where are the opportunities for i...
Finding Opportunities in Financials
06 Feb 2026
Contributed by Lukas
Can US financials outperform in 2026 – and where are the most attractive opportunities? Christian DeGrasse, financial sector specialist in Global Ba...
Long Gold and Long Stocks
30 Jan 2026
Contributed by Lukas
Do investors need a new barbell strategy? Anshul Sehgal, global co-head of Fixed Income, Currency and Commodities in Goldman Sachs Global Banking & Ma...
“A Massive Broadening Trade”
23 Jan 2026
Contributed by Lukas
Concerns over US tariffs and Japanese fiscal policy are inserting fresh volatility into markets. So how are investors positioning – and where are th...
Which Equity Markets Will Outperform?
16 Jan 2026
Contributed by Lukas
What factors could drive global equities in 2026 – and how should investors think about hedging their exposure? Kunal Shah, co-CEO of Goldman Sachs ...
Emerging Markets Could Keep Surging
09 Jan 2026
Contributed by Lukas
After a big 2025 for emerging markets, are more gains ahead this year? And what countries and sectors should investors focus on? Stratford Dennis, hea...
“We Like Bonds”
19 Dec 2025
Contributed by Lukas
How should investors think about fixed income going into 2026 – and what’s the outlook for the jobs market and Fed policy? Lindsay Rosner, Head of...
Are More Rate Cuts Coming?
12 Dec 2025
Contributed by Lukas
What did we learn from the Federal Reserve about the likely path of monetary policy in 2026 – and where are the best trades right now? Josh Schiffri...
Why the Dollar Could Drop
05 Dec 2025
Contributed by Lukas
After falling sharply to start the year, the US dollar has been flat over the past eight months. What could drive the next move – and where can trad...
Why Stocks Are Getting Wild
25 Nov 2025
Contributed by Lukas
What’s driving the volatility in US equities, and how should investors look to position now? Brian Garrett, head of equity execution on the Cross As...
Consumer Concerns and Equity Opportunities
21 Nov 2025
Contributed by Lukas
As worries about the US consumer intensify, what’s the outlook for earnings and for the holiday shopping season – and are there now opportunities ...
How to Trade a Credit Expansion
14 Nov 2025
Contributed by Lukas
The US economy is in the midst of a “handover” from a fiscal expansion to a credit expansion, says Anshul Sehgal, global co-head of Fixed Income, ...
Rise of the Retail Investor
07 Nov 2025
Contributed by Lukas
As retail investor activity become a more significant driver of US equities, how is their behavior shaping markets – and what opportunities could be...
A “Blow-Off Top” Ahead?
31 Oct 2025
Contributed by Lukas
As investors make sense of surprising Fed guidance and a huge slate of earnings, what’s the current state of sentiment around US equities – and wh...
Can the China Rally Continue?
24 Oct 2025
Contributed by Lukas
What’s driving Chinese equity markets higher, and are there better opportunities across the emerging markets landscape at this point? Stratford Denn...
The Bubble Question
17 Oct 2025
Contributed by Lukas
Are US stocks overvalued, or is the rally set to continue through 2026? Mike Washington, equities sales trader with Global Banking & Markets, discusse...
Can the Rally Continue?
10 Oct 2025
Contributed by Lukas
After a tremendous rally for US equities, could more gains be ahead – or is it time for investors to protect their portfolios? Ashok Varadhan, Co-He...
Hidden Volatility
03 Oct 2025
Contributed by Lukas
The S&P 500 has enjoyed a remarkably steady rise, but under the surface, the action has been much choppier at the single-stock level. What does this d...
A Contrarian Call on Europe
26 Sep 2025
Contributed by Lukas
After a stunning rally for US stocks, can investors find better opportunities in other markets? Mark Wilson, Head of Equities Franchise Sales in Globa...
Will Fed Cuts Drive Stocks Higher?
19 Sep 2025
Contributed by Lukas
What should investors take away from Wednesday’s rate cut – and how are US equities likely to respond from here? Tony Pasquariello, Global Head of...
Sentiment Check on Tech
12 Sep 2025
Contributed by Lukas
What’s driving US tech stocks — and what could be ahead for the sector? Peter Callahan, the US Technology, Media and Telecommunications sector spe...
What the Weak Jobs Report Means For Markets
05 Sep 2025
Contributed by Lukas
What does Friday’s disappointing jobs number mean for the Fed – and where are the opportunities for investors today? Rich Privorotsky, head of Eu...
The Fed Cut Playbook
15 Aug 2025
Contributed by Lukas
With a September rate cut looking increasingly likely, where are the opportunities in bond, currency, and equity markets? Josh Schiffrin, Chief Strate...
Still Bullish on Big Tech
08 Aug 2025
Contributed by Lukas
As strong earnings push the US tech giants to new record highs, could these stocks still have room to run? Peter Callahan, the US Technology, Media an...
“Stocks Are Still Very Undervalued”
01 Aug 2025
Contributed by Lukas
With the Fed still waiting on rate cuts, what’s the outlook for global assets – and where are the biggest opportunities now? Anshul Sehgal, Global...
Will the dollar keep dropping?
25 Jul 2025
Contributed by Lukas
Does the US dollar have further to fall – and what are the best ways to play this theme? Kunal Shah, co-CEO of Goldman Sachs International and globa...
Global income plays
18 Jul 2025
Contributed by Lukas
What does inflation data tell us about the impact of US tariffs, and where are the opportunities for investors now? Gurpreet Garewal, Macro Strategist...
The three top equity market themes
11 Jul 2025
Contributed by Lukas
What’s driving equities now – and what are investors most focused on? Lou Miller, Global Head of Equity Custom Baskets in Goldman Sachs Global Ban...
Climbing the “wall of worry”
27 Jun 2025
Contributed by Lukas
Despite geopolitical tensions and trade policy uncertainty, markets continue to climb to record highs. What risks are investors watching? Shawn Tuteja...
European opportunities
20 Jun 2025
Contributed by Lukas
Are European equities set up to outperform – and which global sectors hold the greatest potential now? John Storey, Co-Head of Equities Distribution...
Staying long US assets
13 Jun 2025
Contributed by Lukas
What should investors take away from recent economic data releases, and where are the opportunities now? Ashok Varadhan, Co-Head of Global Banking & M...
“This is what people were hoping for”
06 Jun 2025
Contributed by Lukas
Will the stronger-than-expected jobs report give investors a reason to chase the US equity rally? Rich Privorotsky, head of European One Delta tradin...
Why emerging markets could keep rallying
30 May 2025
Contributed by Lukas
What’s driving the bounce in emerging market equities, and could we be witnessing the start of a sustained bullish run? Stratford Dennis, head of em...
Fade the S&P 500 rally?
23 May 2025
Contributed by Lukas
US stocks have risen significantly from their early April lows. Is the bounce over – and how are smart investors positioning now? Brian Garrett, hea...
Why tech stocks could keep rallying
16 May 2025
Contributed by Lukas
After a dreadful start to the year, US tech stocks have regained their momentum. What’s driving the rally, and how should investors position now? Pe...
“Long stocks, short bonds”
09 May 2025
Contributed by Lukas
As markets – and the Fed – continue to grapple with tariffs, where is the opportunity for investors? Anshul Sehgal, Global Co-Head of Fixed Inco...
Time to buy bonds?
02 May 2025
Contributed by Lukas
What’s driving the US bond market now – and are there opportunities in Treasuries and in credit? Lindsay Rosner, head of multi-sector investing wi...
“The most attractive hedge”
25 Apr 2025
Contributed by Lukas
Will the US dollar keep sliding? And are compelling trades cropping up as a result? Brian Dunne, head of Americas Foreign Exchange Options Trading in ...
Opportunities amidst historic volatility
11 Apr 2025
Contributed by Lukas
As tariff announcements shake up the economic outlook, what’s the path for markets – and where are the opportunities now? Josh Schiffrin, Chief St...
Tariffs could spark “a new rotation” in US equities
04 Apr 2025
Contributed by Lukas
What will higher-than-expected tariffs mean for markets – and where are the opportunities now? Shawn Tuteja, who oversees ETF and custom baskets vol...
Can US equities rally again?
28 Mar 2025
Contributed by Lukas
After falling 10% from the highs, the US equity market seems to be at a standstill. What will determine the next move, and how are the biggest investo...
Bonds or stocks: The 2025 income play
21 Mar 2025
Contributed by Lukas
Amid signs of an economic slowdown, is it time to lean into bonds? Ashish Shah, global co-head and chief investment officer of Public Investing withi...
“The US is still the place to be”
14 Mar 2025
Contributed by Lukas
After a rough stretch for US equities, are opportunities beginning to emerge? Ashok Varadhan, Co-Head of Goldman Sachs Global Banking & Markets, disc...
Buy the dip in US equities?
07 Mar 2025
Contributed by Lukas
After a rough week for US stocks, should investors buy the dip – or look for opportunities in global markets? Rich Privorotsky, head of European One...
Is the US consumer in trouble?
28 Feb 2025
Contributed by Lukas
A sharp decline in consumer sentiment is leading to questions about consumer strength. Are investors right to be concerned, and where are the opportun...
Why gold could rise even higher
21 Feb 2025
Contributed by Lukas
Gold prices have surged over the past year. What’s driving the rally, and where does the metal fit into portfolios now? Lina Thomas, commodities str...
The 1982 playbook
14 Feb 2025
Contributed by Lukas
After a hotter-than-expected inflation report, questions about fiscal and monetary policy are becoming increasingly urgent. What could it all mean for...
Finding opportunities in a “trickier” market
07 Feb 2025
Contributed by Lukas
After a year of smooth sailing for US stocks, the word of 2025 has been “dispersion.” How can investors take advantage of this more complicated en...
Markets make sense of the Fed
31 Jan 2025
Contributed by Lukas
What was behind the volatile market reaction to this week’s Fed decision – and where are the opportunities for bond investors now? Lindsay Rosner,...
The key US equity theme for 2025
24 Jan 2025
Contributed by Lukas
With the Fed’s policy approach shifting, will “quality” stocks outperform in the months ahead? Shawn Tuteja, who oversees ETF and custom baskets...
The perfect setup for US stocks?
17 Jan 2025
Contributed by Lukas
Inflation is coming down, while the employment picture is surprisingly robust. What does the latest economic data mean for the Fed – and for markets...
What the huge jobs number means for investors
10 Jan 2025
Contributed by Lukas
Bond and equity markets are sliding after a strong US jobs report. Where are the opportunities for investors now? Gurpreet Garewal, Macro Strategist o...
Why US stocks could keep rising in 2025
20 Dec 2024
Contributed by Lukas
US stocks sunk after the Fed reduced its rate-cutting forecast for 2025. But is this an overreaction – and where are the opportunities for investors...
“US exceptionalism all over again”
13 Dec 2024
Contributed by Lukas
Did this week’s inflation data give the Fed the go-ahead to cut rates – and where’s the opportunity for investors now? Anshul Sehgal, Head of US...
What Black Friday numbers say about the US consumer
06 Dec 2024
Contributed by Lukas
US retail stocks have been rallying recently. Will the holiday shopping season give investors a new reason to buy? Scott Feiler, consumer sector speci...
What’s the next tech trade?
22 Nov 2024
Contributed by Lukas
Mega cap tech stocks have powered the market higher in 2024. But are there new opportunities for tech investors beyond the 'Magnificent 7'? Sung Cho, ...
Why a “Santa Rally” may be ahead
15 Nov 2024
Contributed by Lukas
Can US stocks extend their gains through the end of the year? John Flood, head of Americas Equities Sales Trading with Goldman Sachs Global Banking & ...
Is the Trump trade just getting started?
08 Nov 2024
Contributed by Lukas
US equities rose sharply on the US election results. Are further gains ahead, and where could the biggest opportunities be now? Shawn Tuteja, who over...
“A great time to buy bonds”
01 Nov 2024
Contributed by Lukas
Rates have shot higher since the Fed’s first cut. What’s driving the bond market now, and where are the opportunities for investors? Lindsay Rosne...
Will earnings boost US stocks?
25 Oct 2024
Contributed by Lukas
How have investors reacted to earnings reports, and what do rising rates mean for equities? Mike Washington, equities sales trader with Goldman Sachs ...
The new equity opportunities
18 Oct 2024
Contributed by Lukas
It’s time for equity investors to broaden their portfolios beyond the US tech giants, says Peter Oppenheimer, chief global equity strategist with Go...
The biggest opportunities in US credit markets
11 Oct 2024
Contributed by Lukas
This could be a good time to buy lower-rated debt, says Lotfi Karoui, chief credit strategist in Goldman Sachs Research. He discusses the Fed path, th...
Does the China rally have legs?
04 Oct 2024
Contributed by Lukas
Chinese equities have shot sharply higher following the announcement of a broad stimulus package. Are more gains ahead? Lu Sun, a senior Asia macro st...
Is the US consumer still strong?
27 Sep 2024
Contributed by Lukas
This week’s weak consumer confidence number is leading to fresh questions about the resilience of the American consumer. Can the consumer keep power...
“The Fed’s got your back”: What the rate cut means for investors
20 Sep 2024
Contributed by Lukas
After the Fed’s 50 basis-point cut, what’s next for central bank policy and for markets? Anshul Sehgal, Head of US Interest Rate Products Trading ...
Can the US rally get back on track?
13 Sep 2024
Contributed by Lukas
What factors matter most to equity markets now — and what’s the trade from here? Tony Pasquariello, Global Head of Hedge Fund Coverage in Goldman ...
What the jobs report means for markets
06 Sep 2024
Contributed by Lukas
Friday’s jobs report came in mixed—the unemployment rate fell, but hiring is slowing. What does that mean for the Fed and for investors? Simon Dan...
The case for a tech comeback
16 Aug 2024
Contributed by Lukas
Can megacap tech stocks resume their market leadership? Peter Callahan, the US Technology, Media and Telecommunications sector specialist within Goldm...
“A solid buying opportunity”: Making sense of the market shakeout
09 Aug 2024
Contributed by Lukas
What drove stocks sharply lower to start the week, and what matters to the biggest investors now? John Flood, head of Americas Equities Sales Trading ...
What Fed cuts will mean for markets
02 Aug 2024
Contributed by Lukas
The Fed said Wednesday that it’s getting closer to cutting rates. So what is the Fed focused on now, and how much could cuts impact markets? Josh Sc...
Is the big tech trade over?
26 Jul 2024
Contributed by Lukas
The US tech giants that have powered the equity market are leading the recent decline. So what’s ahead for stocks, and where are the opportunities n...
Divergence watch: ECB decision and central banks’ policy paths
19 Jul 2024
Contributed by Lukas
In the wake of the ECB decision, what should we expect to see from central banks around the world – and what does that mean for currency and fixed i...
Inflation cools, election heats up
12 Jul 2024
Contributed by Lukas
With inflation coming down, and US elections on the horizon, what should investors be focused on now? Mike Cahill, senior currency strategist within G...
Markets at midyear: AI & elections in focus
28 Jun 2024
Contributed by Lukas
What is top of mind for investors as we enter the second half of 2024? Bobby Molavi, head of EMEA execution services in Global Banking & Markets, disc...
What could drive the S&P 500 even higher?
21 Jun 2024
Contributed by Lukas
As the S&P 500 continues to notch record highs, questions have arisen around concentration, sentiment, and valuations. So what's really driving US equ...
Are markets overreacting to inflation data?
14 Jun 2024
Contributed by Lukas
Cooling inflation data would seem to give the Federal Reserve room to cut rates, but the Fed this week reduced its forecast for the number of rate cut...
Is India still attractive for investors?
07 Jun 2024
Contributed by Lukas
Indian markets have endured a wild week, as investors struggle to make sense of an election that has weakened Prime Minister Narendra Modi’s majorit...
Consumer stocks: Finding the winners
31 May 2024
Contributed by Lukas
Recent earnings and economic data are putting the US consumer in focus. So what have we learned about the state of the consumer, and which subsectors ...
Why copper is hitting record highs
24 May 2024
Contributed by Lukas
Copper— the metal that's critical for everything from wind turbines to electric grids—surged over the past week. Where do copper prices go from he...
A market friendly data print— for now
17 May 2024
Contributed by Lukas
While this week’s CPI print shows that inflation eased in April, consumer prices are still on the rise. What does this mean for the Fed’s next mov...
Why big tech's earnings reveal a "bifurcated market"
10 May 2024
Contributed by Lukas
While large cap tech stocks have powered the market higher, companies' earnings reports tell a more mixed story. Goldman Sachs' Peter Callahan, US TMT...
Currencies, rates, and a volatile yen
03 May 2024
Contributed by Lukas
The Japanese yen has been depreciating against the US dollar, hitting its lowest point in over three decades last week. What does this mean for market...
Why investors should “expect the chop to continue”
26 Apr 2024
Contributed by Lukas
How are investors responding to a busy earnings week but a weaker-than-expected GDP number? Brian Garrett, head of the equity execution team on the Cr...
Does the market need rate cuts?
19 Apr 2024
Contributed by Lukas
"We might just be in a different regime than we were from 2010 to 2020,” says Josh Schiffrin, global head of trading strategy in Global Banking & Ma...
Turning tail risks into tailwinds
12 Apr 2024
Contributed by Lukas
With a soft landing in sight, what are investors considering when rebalancing their portfolios? Alexandra Wilson-Elizondo, co-chief investment officer...
How investors are managing rising volatility
05 Apr 2024
Contributed by Lukas
Amid market highs, how are factors like rates and market volatility pushing top investors to shift their portfolio strategy? Kerry Blum, global head o...
Why Today's IPO Market May Surprise You
28 Mar 2024
Contributed by Lukas
Initial public offerings are off to a surprisingly strong start this year. Lizzie Reed, global head of the equity syndicate desk in Global Banking & M...
How markets are responding to central bank moves
22 Mar 2024
Contributed by Lukas
How are investors responding to central bank decisions across the globe? Vickie Chang, macro strategist in Goldman Sachs Research, discusses how the m...
What tech investors are looking for now
15 Mar 2024
Contributed by Lukas
The tech trade isn’t just about AI. Peter Callahan, our US technology, media, and telecommunications sector specialist in Global Banking & Markets, ...
Breaking down the record highs
08 Mar 2024
Contributed by Lukas
What are record highs in stock indices like the S&P 500, Nasdaq, and the Nikkei— and even gold— telling us about the state of the economy? Alexand...
Growth shocks, not just inflation, to be a primary driver of markets
01 Mar 2024
Contributed by Lukas
As inflation fears recede, growth shocks could become a greater driver of market volatility. Kamakshya Trivedi, head of global foreign exchange, inter...
Can tech continue to power equities to new highs?
23 Feb 2024
Contributed by Lukas
Tech stocks are once again in focus, boosted by optimism over artificial intelligence. In the latest episode of The Markets, Goldman Sachs Research’...