Goldman Sachs market views, organized for advisors.

Heading into 2Q26, investors are navigating a constructive but more fragile backdrop, where AI-driven demand, energy security concerns, and critical minerals keep commodities at the center of the macro story.

The rise of an AI-led mega‑IPO cycle is reshaping capital...

US corporate defined benefit pensions entered 2026 from a position of unusual strength, with aggregate funded status reaching its highest year‑end level since before the Global Financial Crisis.

Strong equity and fixed income returns in 2025, combined with broader adoption...

Municipal bonds extended their run of positive returns in February, supported by strong demand, solid fundamentals, and manageable credit profiles across most states and cities.

Yields fell across the curve and the steepening muni term structure now rewards investors willing...

Kevin Warsh’s nomination has renewed focus on the Fed’s balance sheet and its central role in shaping liquidity, funding costs, and money market yields.

Years of operating under an “ample reserves” framework have left the system accustomed to abundant central...

Headline default rates in private credit and syndicated loans may look benign at around 2% in 2025, but a deeper review of European credit events reveals more meaningful stress beneath the surface.

Liability management exercises and debt-for-equity swaps show that...