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Dissecting the Market Disconnect
With the US expansion now the longest on record and no shortage of risks on the horizon, growth uncertainty is Top of Mind. This uncertainty has been at the heart of the dovish pivot from central banks this year, which has generally helped push bond yields lower in anticipation of Fed rate cuts ahead, but equity prices higher. So just how concerned about growth should we really be? Learn More
What the Market Pays For
What do markets pay for when they value companies? The common refrain of frustrated managements is that markets are too short-term oriented and miss the long-term potential. But a deep dive into how the market responds to earnings shows the divide is less about time frame than visibility – investors are paying for predictable and persistent revenue. Read Report
Buyback Realities
The surge in US corporate buybacks to all-time highs has generated debate about the effects of buybacks on workers, companies and the economy. Goldman Sachs Research’s Top of Mind at Goldman Sachs podcast team speaks with a range of experts on whether buybacks come at the expense of investment, and what could happen if they are restricted. Learn More
France in Focus: CEOs Playing Offense and Defense
Pierre Hudry, head of the Paris office for Goldman Sachs, discusses the key considerations for his investment banking clients in France, from geopolitical uncertainty to increasing shareholder activism to market stability. Listen Now
LIBOR’s Long Goodbye
Goldman Sachs’ Beth Hammack and Jason Granet talk through what the London Interbank Offered Rate (LIBOR) is, what went wrong with LIBOR and now why the financial industry is moving away from the interest rate. Listen Now
The Deal with Semiconductors
As trade tensions are ratcheting up uncertainty in the semiconductor industry, Tammy Kiely of the Goldman Sachs Investment Banking Division explains how deal making—and the industry more broadly– could be affected. Watch Video
Finding Value in Today’s Investing Climate, from Emerging Markets to ESG
Sheila Patel, CEO of International Goldman Sachs Asset Management, discusses tailwinds and headwinds facing the asset management industry, including opportunities remaining for emerging market investment, ESG’s continued growth, sovereign wealth funds’ shift toward transparency and more. Listen Now
Emmanuel Roman: Leadership in a Digital-First Economy
PIMCO Chief Executive Officer Emmanuel Roman discusses bringing a new era of leadership to one of the world’s largest asset management firms, the technological forces shaping the industry and his expectations for the global economy. Watch Video
Turkey: A Unique Crisis?
A combination of domestic political and policy uncertainty, alongside a diplomatic dispute with the US, has contributed to the latest sell-off in Turkish assets and rattled emerging markets investors. Goldman Sachs Asset Management’s Sam Finkelstein and Luke Barrs share their views along with GSAM economist Prakriti Sofat. Learn More
Growth, Politics and Shareholder Activism: European Equities in Focus
As part of our closer look at emerging economic and market themes in Europe, Sharon Bell of Goldman Sachs Research discusses the performance of European equities, exploring why growth stocks are outperforming value, how populism impacts markets, what activists see in Europe, and the outlook for the region’s stocks through the rest of the year. Listen Now
Why the Value of Japan’s M&A Could Triple
Japanese mergers and acquisition volumes set new records in the first half of the year as companies continued to seek growth outside their home market. Now, moves to improve corporate governance and focus on capital efficiency are spurring further consolidation in domestic industries, leading to more M&A activity and higher valuations. We sat down with Hiromi Suzuki of Goldman Sachs Research to discuss why companies are shedding operations at a record pace. Learn More
Why Technology is Not a Bubble
Is there a bubble in technology? Even with recent stumbles in some of tech’s biggest names, the sector’s market value dominates global stock indexes. But Goldman Sachs Research’s Peter Oppenheimer argues that today’s elevated tech values bear marked differences with tech frenzies of the past. Listen Now
The Evolving Landscape for ETFs
Exchange-traded funds (ETFs) are expanding at a rapid clip but still only make up a fraction of investable assets. Today, changing regulations and the growth of digital advisory models, among other factors, could accelerate that growth. We sat down with Mike Crinieri, global head of ETFs in Goldman Sachs Asset Management, who described the evolving landscape. Learn More
Capturing Emerging Dimensions of Risk and Return
Stacy Selig, head of the Securities Division’s Americas Equity Structuring Group, discusses how changes in market structure continue to drive demand for structured products and equity derivatives, as well as boost the types of jobs available on Wall Street. Learn More
As Emerging Brands Take Share, M&A Heats Up
As emerging brands take market share from larger, established companies, Jane Dunlevie of Goldman Sachs’ Investment Banking division explains that technology is transforming how consumers identify with brands, as well as how those brands are born and become profitable. Watch Video
Trade Wars 2.0
Allison Nathan of Goldman Sachs Research discusses US-China trade tensions and the risks of a trade war. Watch Video
The Rate Stuff: What Markets Are Saying About the Macro Outlook
Francesco Garzarelli, co-chief markets economist of the Global Macro Research team, discusses the drivers of recent market volatility and how investors are viewing a strong US macroeconomic backdrop amidst expectations that the Fed will continue to raise interest rates. Listen Now
In the Face of Brexit, Business as Usual in Europe… But for How Long?
Anthony Gutman of the Goldman Sachs Investment Banking Division discusses the European deal-making landscape on the latest episode of our podcast, Exchanges at Goldman Sachs. Listen Now
Rajeev Misra: Creating Capital for the Future
As CEO of SoftBank Investment Advisers, Rajeev Misra has managed some of the biggest deals involving the tech industry in the world. In this discussion, held at the 2017 Goldman Sachs Private Internet Company Conference, Misra describes how he makes investment decisions and the future of finance when it comes to the tech industry. Watch Video
Jayne-Anne Gadhia - Driving Gender Equality in Business
As the longest serving CEO of a European bank, Virgin Money’s Jayne-Anne Gadhia discusses the inflection points that sparked change in her career, how Sir Richard Branson has served as a source of inspiration and why she has made it a top priority to champion equality and diversity in the finance sector. Watch Video
The Bear Necessities
Peter Oppenheimer, chief global equity strategist for Goldman Sachs Research, discusses the causes and characteristics of bear markets throughout history on our podcast, Exchanges at Goldman Sachs. Listen Now
The Evolution of the Equities Market
Paul Russo of the Goldman Sachs Securities Division discusses how technology and regulation have changed how equity markets operate and how investors generate returns on our podcast, Exchanges at Goldman Sachs. Listen Now
Dan Schulman - The Democratization of Finance
PayPal president and CEO Dan Schulman discusses the power of fintech, why even tech pioneers must constantly change and innovate, and why diversity is critical for commercial success. Watch Video
John Mackey: Conscious Capitalism, Conscious Eating
John Mackey, co-founder and CEO of Whole Foods, discusses the importance of reeducating our palates to a diet of “whole foods” and why conscious capitalism is a critical driver of good business during this Talks at GS session. Watch Video
Asia Adapts to a New Investing Climate
Sheila Patel of GSAM International discusses what shifting trade winds mean for investors in Asia on the latest episode of our podcast, Exchanges at Goldman Sachs. Listen Now