Reuters (November 4)
“Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and evoking memories of the dot-com boom.” And on Tuesday, the chief executives of Morgan Stanley and Goldman Sachs warned that “global equity markets could be heading towards a correction, underscoring a growing concern that investor optimism has driven valuations to sky-high levels.”
Tags: Boom, Concern, Correction, Dot-com, Equity markets, Executives, Fears, Goldman Sachs, Investor optimism, Market bubble, Meteoric, Morgan Stanley, Record highs, S&P 500, Valuations
Fortune (October 21)
“GDP estimates that show steady growth in the American economy may prove to be overly optimistic, Goldman Sachs warned, as a vacuum of data during the government shutdown may result in employment figures ultimately dragging down the optimistic outlook.”
Tags: Data, Economy, Employment figures, Estimates, GDP, Goldman Sachs, Government shutdown, Optimistic, Outlook, Steady growth, U.S., Vacuum, Warned
Market Watch (July 14)
In contrast with previous guidance, Goldman Sachs now expects U.S. home prices to grow only 0.5% in 2025 and 1.2% the following year, “a huge drop from the growth the market saw during the pandemic.” Goldman cited “three big reasons for its pessimism regarding home prices: slowing prices, rising housing supply and persistently high mortgage rates.”
Tags: 0.5%, 2025, Drop, Goldman Sachs, Growth, Guidance, Home prices, Housing supply, Market, Pandemic, Pessimism, Slowing, U.S.
Washington Post (June 25)
“Governments around the world are scrambling for ways, often at great fiscal cost, to slow or even reverse their baby busts. From cash incentives to paid leave, the results have been disappointing.” They would do better to quit fighting and focus on adaptation. After 17 years of population decline, Japan “now offers a surprisingly hopeful counter that an aging economy can still offer growth and prosperity.” Recent analysis by Goldman Sachs found that in Japan “the demographic decline that once drained vitality is now creating a ‘virtuous cycle’ of tightening labor markets, increased worker bargaining power and more investment in productivity-enhancing tech. These trends are helping prop up the economy even as it weathers a shock from the U.S.-led trade war.”
Tags: Adaptation, Aging economy, Baby busts, Cash incentives, Cost, Demographic decline, Goldman Sachs, Governments, Growth, Investment, Labor markets, Paid leave, Population, Prosperity, Reverse, Scrambling, Tech, Virtuous cycle
Fortune (April 14)
“President Donald Trump’s trade war with China could lead to the end of globalization. But it’s not a certainty that the U.S. will emerge as the victor in the new economic world order.” Goldman Sachs posits “the U.S. may find it’s more reliant on China than the other way around.” Chinese imports account for 14% of total U.S. imports. Meanwhile, U.S. exports to China make up only 6% of total Chinese imports. The U.S. is also highly dependent on $158 billion worth of Chinese imports, whereas China’s relies highly on the U.S. for only $14 billion worth of goods. In these cases, the highly dependent import goods account for 70% or more of the market.
Tags: $14 billion, $158 billion, China, Dependent, Economic, Globalization, Goldman Sachs, Goods, Imports, Market, Trade war, Trump, U.S., Victor, World order
New York Times (February 16)
“Fearing Trump, Wall Street sounds a retreat on diversity efforts.” Seemingly everybody is rushing to ensure “they don’t wind up in the cross hairs of the Trump administration’s campaign against diversity, equity and inclusion.” Among those scurrying away from DEI are “white-collar investment banks, consultancies, mutual funds and stock exchanges. The latest was Goldman Sachs, which said on Tuesday that it would drop a quota that forced corporate boards of directors to include women and members of minority groups.”
Tags: Consultancies, Corporate boards, Cross hairs, DEI, Directors, Diversity, Equity, Fear, Goldman Sachs, Inclusion, Investment banks, Minority groups, Mutual funds, Quota, Retreat, Stock exchanges, Trump, Wall Street, White collar, Women
American Banker (January 7)
“JPMorgan Chase bid farewell to the Net-Zero Banking Alliance on Tuesday, making it the last big U.S. bank to leave the climate-banking group ahead of the second Trump administration.” The latest defection “comes on the heels of similar departures last week by three of its peers — Bank of America, Citigroup and Morgan Stanley. In early December, Goldman Sachs became the first large U.S. bank to leave the alliance. Wells Fargo’s exit was reported about two weeks later.”
Tags: Bank, BoA, Citigroup, Climate, Defection, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Net-Zero Banking Alliance, Trump, U.S., Wells Fargo
Fortune (October 22)
“The staggering one-two punch of hurricanes Helene and Milton has been one of the most destructive on record” and Goldman Sachs has pointed out this is “obscuring the view of the U.S. economy.” Combined damages are estimated at $90 billion, with nearly 10% of the population impacted. “Economic data that corresponds to October will be most skewed by the disasters…, potentially masking the precise state of market conditions and ongoing trends.”
Tags: $90 billion, Damages, Destructive, Economic data, Goldman Sachs, Helene, Hurricanes, Impacted, Milton, Obscuring, Skewed, Staggering, Trends, U.S. economy
Rolling Stone (September 4)
“Economic policy has become a centerpiece of both campaigns as Harris and Trump battle to win over anxious voters.” But Trump’s plan to “impose universal tariffs on all imported products” is not a hit with economists or Wall Street. Goldman Sachs has warned “that a victory by former President Donald Trump would likely lead to an economic downturn.” In contrast, the bank forecasts the Harris plan would provide a boost to GDP growth.
Tags: Boost, Campaigns, Centerpiece, Downturn, Economic policy, Economists, GDP growth, Goldman Sachs, Harris, Tariffs, Trump, Voters, Wall Street
Bloomberg (August 27)
“Wall Street is beginning to sour on the outlook for crude next year, with Goldman Sachs Group Inc. and Morgan Stanley lowering price forecasts as global supplies increase, including potentially from OPEC+.” Both banks “now foresee global benchmark Brent averaging less than $80” and expect “prices trending lower over the 12 months.”
Tags: Benchmark, Brent, Crude, Forecasts, Global supplies, Goldman Sachs, Morgan Stanley, OPEC, Outlook, Sour, Wall Street
