Goldman CEO Makes Upbeat Call on Global Markets, But Warns of 'Speed Bumps'

• The global economic setup is 'pretty constructive,' driven by stimulative fiscal policies, deregulation, AI, and infrastructure investments.
• Geopolitical 'noise' can sap confidence, but fundamental relationships remain strong, and the US administration is 'open for business' and engaged.
• Expects a 'very constructive year' for M&A activity, potentially the best ever, and strong capital markets globally, with CEOs feeling 'unleashed' to invest.
• Sees a 'low' chance of recession in the US this year, barring an exogenous event, and is 'quite excited' about new risk-taking culture and opportunities in Japan.
• Anticipates a 'very good year for IPOs' in Hong Kong, the US, and Europe, emphasizing the importance of high standards in listing venues.

Goldman Sachs CEO David Solomon presents a bullish outlook for global markets, particularly the US, citing stimulative fiscal and monetary policies, deregulation, and significant AI and infrastructure investments as key tailwinds. He anticipates a strong year for M&A and capital markets, including IPOs in Hong Kong, the US, and Europe. While acknowledging geopolitical 'noise' and transatlantic tensions, he views them as 'fraying' rather than 'rupturing' relationships, and believes the US administration is constructively engaged with business.