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Goldman Sachs

Bits & Bobs

Finvaulta tracks 3 editions of Bits & Bobs from Goldman Sachs, published between May 22, 2026 and July 3, 2026. Each edition is summarized on its own page.

Latest edition · July 3, 2026

GS Bits & Bobs

This report covers the performance of EM equities, highlighting a strong 2Q26 followed by consolidation and shifting macro headwinds. It provides specific tactical views on South Africa and Brazil, and analyzes the impact of China's competitive pressure on European markets.

Emerging Markets saw a significant 2Q26 gain, though momentum is currently challenged by a hawkish Federal Reserve, rising USD, and volatility in commodity-heavy markets. The desk advocates for active exposure, specifically identifying South Africa as undervalued and Brazil as a preferred overweight despite ongoing election-related macro risks. Separately, the report notes that European companies facing competition from China continue to experience earnings-driven underperformance, though their current valuations are already heavily discounted.

Read the latest edition in full

Key takeaways from the latest edition

  • 1.EM equities saw strong 2Q26 performance but face headwinds from a hawkish Fed and a stronger USD.
  • 2.South Africa presents an attractive entry point trading at two-decade valuation lows with supportive EPS growth forecasts.
  • 3.Brazil remains a preferred overweight due to inexpensive valuations relative to history, despite political and macro uncertainty.

What this series covers

  • First the Bits...
  • EM WEEKLY KICKSTART
  • EM Equities: 2H Outlook: Broadening Gains
  • SOUTH AFRICA
  • BRAZIL
  • Brazil Marketing Trip Notes - Flow Reversal Worries; Balanced Allocations Between Commodity & Bond-Proxies
  • And the Bobs...
  • S&P 2Q earnings preview
  • China competition in Europe

Edition archive

Series at a glance

Editions tracked
3
First edition
May 22, 2026
Latest edition
July 3, 2026
All Goldman Sachs research

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