Global Reflections: Goldman Sachs Market Strategy Report (June 30, 2026)

Key Takeaways

• 1.The AI trade is facing a 'gut check' requiring tactical hedging, though fundamentals remain strong for the next 12-18 months.
• 2.Market broadening is underway; investors should consider ex-AI expressions and non-AI compounders in Healthcare and other sectors.
• 3.China represents a compelling opportunity to diversify AI exposure due to policy objectives and structural cost competitiveness.

Table of Contents

• Another AI Gut Check?
• Diversify AI with AI.
• Healthcare has organic & inorganic upside.
• Enhanced Indices:
• The power for compounders will compel you.
• Options Pricing:

Report data

AI Pair is 5% away from 50d moving average

Reports in this series

Global Reflections is shown in chronological order through this edition, published on June 30, 2026.

Part of the Global Reflections series — view all 3 editions

1. May 22[GSX] Global Reflections
2. Jun 29[GSX] Global Reflections