Market Know-How 3Q 2025

Goldman Sachs

James Ashley, Adrien Forrest, Simona Gambarini

Research

16 Pages

GSAM believes the next economic cycle will be characterized by higher inflation, elevated interest rates and heightened macroeconomic volatility. Given that, and the US equity market’s dominance faces challenges, they explores active investment opportunities in developed markets outside, along with opportunities in multi-asset income strategies and liquid alternatives.

Key Takeaways

Cautious optimism: Recent tariff de-escalation and easing Middle East tensions improve growth prospects, but geopolitical and tariff-related volatility remain elevated.
Expand horizons: Investors should consider diversified equity exposure outside the U.S., multi-asset income strategies, and liquid alternative instruments.
Stay active and hedged: In an environment of policy unpredictability, maintaining tactical flexibility and defense via tail-risk hedges is crucial.
VIEW FULL REPORT

Join our newsletter to have all of this content + Exclusive Newsletter Bonus Content delivered to your inbox every week

Related Content

Market Outlooks
Global Market Perspectives: Hope for the best, ready for the worst
Apr 2026
Markets
Global Market Intelligence: April Update
Apr 2026
China
A Tale of Two Countries: The Real Estate Crises in 1990s Japan and Contemporary China
Apr 2026

The information contained in this communication is of a general nature for informational purposes only, and does not constitute financial, investment, tax or legal advice. The information contained within this communication reflects the opinions of those referenced herein, and do not reflect the opinions of The Idea Farm, L.P. and its affiliates. Such opinions expressed herein are as of the date of production and are subject to change at any time without notice due to various factors, including changing market conditions or tax laws. Where data or information prepared by third parties is presented, no representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by The Idea Farm, L.P. or any other person. While such sources are believed to be reliable, The Idea Farm, L.P. does not assume any responsibility for the accuracy or completeness of such information and does not undertake any obligation to update the information contained herein as of any future date. Any links to third party websites are offered only for use at your own discretion. The Idea Farm L.P., and its affiliates, are separate and unaffiliated from any third parties listed herein and are not responsible for their products, services, policies or the content of their website. All investments are subject to varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product referenced directly or indirectly in this communication will be profitable, perform equally to any corresponding indicated historical performance level(s), or be suitable for your portfolio. Past performance is not an indicator of future results.

Scroll to Top