$M_AND_A - Goldman Sachs forecasts a 25% increase in M&A activity for 2025, driven by increased corporate cash spending.
$US_ECON - Goldman Sachs is optimistic about US economic growth for 2025, forecasting 2.5% growth, which is above the current Bloomberg consensus.
$LARGECAP - Goldman Sachs views most of the market, including large-cap stocks, as trading around fair value, with future performance likely driven by earnings growth.
$AI - Goldman Sachs is focusing on the third phase of AI development, particularly software companies whose revenues are expected to be enhanced by AI implementation.
$SMALLCAP - Goldman Sachs anticipates a potential boost in small-cap stocks due to expected increase in small business confidence, similar to the pattern observed at the beginning of the first Trump administration.
Bearish:
$EUROSTOXX - Goldman Sachs forecasts below-consensus growth for the euro area in 2025, citing negative impacts from trade policy uncertainty.