2026 Equity Forecasts Goldman Sachs anticipates upside potential for global equities in 2026 amid a multipolar economic environment, while projecting modest underperformance for U.S. markets relative to international peers. Image: Goldman Sachs Global Investment Research
EPS – GS Top-Down vs. Consensus Bottom-Up Estimates Goldman Sachs sees S&P 500 EPS rising 12% in 2026 and 10% in 2027, driven by a resilient U.S. economy, a weaker dollar, strong mega-cap tech earnings, and AI-related productivity gains. Image: Goldman Sachs Global Investment Research
Survey – Biggest Risks to Market Stability in 2026 A rare consensus is emerging among investors on what could shake markets in 2026. Deutsche Bank’s latest survey finds AI and tech bubble jitters leading the pack, overshadowing concerns about Fed autonomy and private credit stress. Click the Image to Enlarge
Margin Debt as Percentage of Real Disposal Personal Income Margin debt has climbed to a record share of real disposable income. With incomes barely growing and borrowing piling up, investors look increasingly exposed. Markets may look calm, but the cracks show fast when they shift. Image: Real Investment Advice
U.S. Tech and S&P 500 – 1-Year Total Return Performance to Peak Past market bubbles often ended with explosive last-year rallies, far outpacing normal bull market returns. That kind of blow-off surge just isn’t happening in U.S. tech or the S&P 500 right now. Image: Goldman Sachs Global Investment Research
Rolling 9-Week Flows into U.S. Equity ETFs and Mutual Funds Investors keep buying the dip, pouring nearly $100 billion into U.S. equity mutual funds and ETFs over the past nine weeks, convinced the bull market still has room to run. Image: Goldman Sachs Global Investment Research
Volatility – U.S. Options Expiration $7.1 trillion in options notional value is set to expire today, marking the largest expiration on record and setting the stage for fresh market volatility. Image: Goldman Sachs Global Investment Research
Survey – Where Do You Expect 10-Year U.S. Treasury Yields to Be One Year from Now? Deutsche Bank’s latest survey shows that 52% of participants expect the 10-year U.S. Treasury yield to rise above 4.25% next year, with the bank’s strategists calling for 4.45% by the end of 2026. Image: Deutsche Bank
Global Liquidity and MSCI EM Global liquidity rebounds have historically supported emerging market equities by boosting capital inflows, growth, and asset prices. Image: J.P. Morgan
Fiscal Impulse to Growth from New Fiscal Legislation in the U.S. Early 2026 may deliver a fiscal tailwind for the U.S. economy as the One Big Beautiful Bill Act kicks in, lifting household spending, business investment, and overall growth. Image: Goldman Sachs Global Investment Research
Economy-Wide Firm AI Adoption Rate AI adoption keeps gaining ground, with 17.3% of firms already using artificial intelligence in their regular operations, a share projected to top 21.1% within six months. Image: Goldman Sachs Global Investment Research