Goldman Sachs has forecasted that global equities will continue to rise in 2026, projecting an 11% return, including dividends, over the next 12 months. The rally will be supported by earnings growth and broad economic expansion. As traditional markets continue to climb, a critical question comes into focus: will digital assets move in step with equities, or will they follow a distinct trajectory of their own? Goldman Sachs Shares 2026 Forecast for Global Equities Goldman Sachs’ 2026 global equity outlo ...

Market Trends - Gold prices remained stable amidst a decline in global equities [1] - Concerns over high tech valuations contributed to gold's stability [1] - Reduced expectations of a US interest rate cut influenced gold prices [1]

Investment Performance - Japan's Government Pension Investment Fund recorded its best performance since the quarter ending March 2024 [1] - Global equities contributed to the fund's positive returns [1] - Favorable currency swings also boosted the fund's returns [1]

Market Trends - Investors have been allocating capital into global equities following Trump's election [1]

Market Capitalization Comparison - Bitcoin's market cap is $23 trillion [1] - Global real estate market cap is $370 trillion, 850 times larger than Bitcoin [1] - Crypto market cap is approximately $4 trillion [1] - Global equities market cap is approximately $100 trillion, 25 times larger than crypto [1] Opportunities - Bridging real estate with BTC through equity investing and dual collateralization presents a significant opportunity [1] - Bringing the outdated financial system on-chain represents a substantial opportunity [1]

Market Opportunity - Bitcoin 与黄金平价是一个 23 trillion 美元的机会 [1] - 从全球股市中抽离资本是一个 135 trillion 美元的机会 [1] - Bitcoin 与全球房地产的交集是一个 370 trillion 美元的机会 [1]

Core Viewpoint - Goldman Sachs upgraded its stance on global equities to "overweight" from "neutral" for the next three months, citing improving economic momentum, attractive valuations, and supportive monetary and fiscal policies [1] Group 1: Global Equities - Global equities have reached record highs, driven by optimism regarding early interest rate cuts by the U.S. Federal Reserve, which are expected to prevent a recession [2] - The MSCI World Index has increased approximately 35% since its lows in April, recovering from a selloff due to recession fears [2] - Resilient corporate earnings and a dovish Fed have led brokerages, including Goldman, to raise year-end targets for the S&P 500, with Goldman increasing its forecast to 6,800 [3] Group 2: Market Dynamics - Equities typically perform well during late-cycle slowdowns when recession risks are low and policy support is strong, as evidenced by historical rallies in the late 1990s and mid-1960s [3] - Goldman Sachs downgraded its outlook on global credit to "underweight" from "neutral" for the next three months, citing late-cycle dynamics and stretched valuations as significant headwinds [4] - The firm also downgraded cash to "underweight" over the 12-month horizon, indicating that continued Fed easing is likely to lower cash returns further into next year [4]

Core Insights - Increasing exposure to global equities is seen as a sound strategy given the current economic backdrop, with the S&P World Index rising 19.8% over the past year and 4.53% quarter to date [1] - Global equity funds attracted $10.65 billion in net inflows, marking the largest weekly purchase since August 13 [2] - Expectations of Federal Reserve rate cuts are enhancing the appeal of global equities, with strong inflows into global equity funds noted [3][4] Economic Factors - The Federal Reserve is expected to proceed with rate cuts in September, October, and December, with a 100% chance of cuts in October and December indicated by the CME FedWatch tool [4] - A weakening U.S. dollar is driving interest in global equity funds, as the U.S. Dollar Index (DXY) has fallen 0.69% over the past five days and 10.18% year to date [5] Investment Strategies - Concerns about a growing AI bubble have been raised, suggesting that diversifying beyond tech funds and companies is prudent to mitigate concentration risks [6][7] - Adding international equity ETFs can enhance geographical exposure and improve overall diversification, potentially boosting risk-adjusted returns [8] Suggested ETFs - Recommended ETFs for consideration include Dimensional International Core Equity Market ETF (DFAI) and Vanguard FTSE Emerging Markets ETF (VWO) [9]

Investment Strategy - Thailand's Government Pension Fund anticipates that gold, commodities, and a global equities rally will fuel a recovery in its returns [1] - The fund aims to rebound from a poor performance in the first half of the year [1]

Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclosures and disclaimers related to investment positions and performance [1][2]. Group 1 - No stock, option, or similar derivative positions are held by the analyst in any mentioned companies, nor are there plans to initiate such positions in the next 72 hours [1]. - The article expresses personal opinions of the author and does not reflect the views of Seeking Alpha as a whole [2]. - Seeking Alpha's analysts include both professional and individual investors who may not be licensed or certified by any regulatory body [2].