Goldman Sachs Research analysts remain constructive on equities for 2026 as earnings continue to grow, but forecast lower index returns than in 2025, amid a broadening bull market.

2 weeks ago - Sturdy global growth coupled with non-recessionary Fed cuts should be positive for global equities, but tensions with 'hot valuations' may increase volatility.

2 days ago - The bank expects the bull market in stocks to continue, but at a more modest pace than in recent years. A new chapter for the AI trade, robust capex, and an M&A boom are also on its radar.

2 weeks ago - Goldman Sachs Research analysts remain constructive on equities for 2026 as earnings continue to grow, but forecast lower index returns than in 2025, amid a broadening bull market.

20 hours ago - Goldman Sachs struck an optimistic tone in its 2026 U.S. equity outlook report, projecting another year of solid performance for American stocks as economic growth, easing monetary policy, and technological advances reinforce the current bull market.

19 hours ago - Goldman Sachs’ estimate that S&P 500 earnings will grow 12.3% this year leads it to conclude that 2026 will be yet another year of double-digit returns. View post: Bank of America unveils unemployment forecast before December data ...

Source: Compustat, IBES, FactSet, Goldman Sachs Global Investment Research. As of October 8, 2025. The Magnificent 7 continue to expand their market share through strong core businesses and strategic reinvestment. In our view, the strong earnings power of these large companies may set the stage for further gains. We believe hyperscalers’ AI capex will extend into 2026, and we continue to monitor associated AI infrastructure spending, as well as AI application build-out and monetization.

Central bank divergence: Given labor market weakness, Goldman Sachs Asset Management sees potential for two Fed cuts in 2026. The ECB may hold for the foreseeable future while the BoE could resume cuts in December, driven by improved inflation, a relatively weak labor market, and potential ...

19 hours ago - Goldman Sachs forecasts the S&P 500 index will reach 7600 by year-end 2026, citing expectations for healthy economic and revenue growth, continued profit strength among large U.S.

3 weeks ago - Our economists expect core inflation to moderate and policy rates to decline in developed markets in 2026. The global economy is forecast to generate “sturdy” growth in 2026, according to Goldman Sachs Research.

THIS FINANCIAL PROMOTION IS PROVIDED BY GOLDMAN SACHS ASSET MANAGEMENT B.V. ... Seeking Catalysts Amid Complexity. The investment landscape for 2026 is poised to be shaped

2 weeks ago - Goldman Sachs Research economists expect sturdy global growth of 2.8% in 2026, versus a consensus forecast of 2.5%. The US is likely to outperform substantially (2.6% vs. 2.0%) because of reduced tariff drag, tax cuts, and easier financial ...

18 hours ago - Join Goldman Sachs Asset Management leaders for a discussion on the Investment Outlook 2026. Discover how we think advisors can help clients stay active amid a mix of monetary shifts, fiscal friction, and AI-driven innovation, and pinpoint where investment returns may emerge.

6 days ago - Goldman Sachs forecasts the S&P 500 will reach 7,600 in 2026 (an 11% gain) but expects only 6.5% annual returns over the next decade. Small-cap stocks trail major indices in 2025 but may benefit from Fed rate cuts and increased M&A activity in 2026.

3 weeks ago - “If I had to characterize 2026 in three words, it's going to be technology, globalization, and ambition,” says Stephan Feldgoise, global head of M&A. The back half of 2025 contributed to what was an exceptional M&A year rivaling record volumes ...

November 20, 2025 - Valuation discipline will matter, and misses may be punished more forcefully in 2026. Global co-head of fixed income Kay Haigh described a landscape where policy divergence and shifting issuance patterns are likely to reshape curve dynamics.

2 weeks ago - The US-China AI and geopolitical ... cyclical macro base case of sturdy global GDP growth and 50 basis points of Fed rate cuts in 2026 is again supportive of top-down commodity returns....

Furthermore, we see underappreciated ... labor market disruptions, increased China goods supply, and our benign oil price view (itself reflecting our expectation for 2026 oversupply). As with inflation, we expect downward convergence in DM policy rates as three of the high-side outliers among DM central banks—the Fed, the BoE, and Norges Bank—are likely to lower rates further in 2026 (Exhibit 16). Source: Haver Analytics, Goldman Sachs Global Investment ...

1 month ago - As the global financial system approaches 2026, investors are navigating a landscape defined not by the synchronized recovery of the early 2020s, but by profound structural divergence and the crystallization of a new economic regime.