全球资产：“金发经济” 遇回调-026 年权益类资产超配的防御策略-GOAL_ Global Opportunity Asset Locator_ Goldilocks meets some bears - protecting our equity OW into 2026

24 November 2025 | 5:00AM GMT Portfolio Strategy Research GOAL: GLOBAL OPPORTUNITY ASSET LOCATOR Goldilocks meets some bears - protecting our equity OW into 2026 This report is intended for distribution to GS institutional clients only. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. Christian Mueller-Glissmann, CFA +44(20)7774-171 ...