Goldman Sachs market views, organized for advisors.

The era of cheap, reliable resource supply is over, replaced by a "resource security supercycle" driven by geopolitical fragmentation and surging AI-related power demand.

This shift necessitates massive capital spending on physical infrastructure, creating opportunities in what the author terms...

The era of relying on central banks to backstop markets is over.

Persistent supply shocks, particularly in energy, have forced a hawkish pivot by global policymakers.

Private equity co-investments have historically outperformed their parent funds, delivering a 2.11x net MOIC.

However, this average masks significant dispersion; the spread between top and bottom performers is more than double that of parent funds.

Equity markets are fundamentally broken.

Passive and retail investor flows, now dominant, disregard fundamentals, creating persistent price dislocations.

The life sciences sector is undergoing a significant transformation driven by proactive health innovations and a more stable regulatory environment.

This shift, coupled with an aging global population, is fueling demand for new therapies.