meta_pixel
Tapesearch Logo
Log in
Goldman Sachs Exchanges

Is US outperformance at a turning point?

Goldman Sachs Exchanges

Goldman Sachs

Business

4.41K Ratings

🗓️ 1 November 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

The US has had an exceptional decade. US economic growth and equities have outperformed, and the dollar’s global role remains unchallenged. But can this run continue? In this episode of Goldman Sachs Exchanges, Rebecca Patterson, former chief investment strategist at Bridgewater Associates, Jean Boivin, head of the BlackRock Investment Institute, and Goldman Sachs Research’s Peter Oppenheimer, chief global equity strategist, discuss whether the US equity outperformance of the last decade can be repeated over the next decade. This episode breaks down a topic hit on in the recent Top of Mind report.

Transcript

Click on a timestamp to play from that location

0:00.0

The US has had an exceptional decade.

0:02.0

US equities have outperformed to those of other regions,

0:05.0

the dollar's role as the global trading and reserve currency

0:08.0

has remained unchallenged,

0:09.0

and US GDP growth has exceeded that of other developed markets and has also outperformed growth

0:14.4

in many other economies this year. But can this run of US outperformance over the past decade

0:19.7

be repeated over the next decade? I'm Allison Nathan and this is Goldman Sachs exchanges.

0:27.0

On this special episode we're breaking down a topic that we hit on in our most recent top of mine report now

0:34.3

available on giz.com. We dig into whether the US equity out performance of the

0:39.0

last decade can continue and what that means for investors.

0:42.9

We speak with Rebecca Patterson, former chief investment strategist at Bridgewater Associates,

0:47.5

Jean Boivan, head of the Black Rock Investment Institute, and Goldman Sachs's chief global equity

0:52.8

strategist Peter Oppenheimer.

0:54.8

Patterson expects another decade of US equity

0:57.5

outperformance that she says will be led

0:59.7

by generative artificial intelligence and technology

1:02.4

more broadly.

1:03.6

A lot of people do point to the last decade as this decade of equity outperformance in the U.S.

1:09.3

Do you think that the pendulum is set to swing and that period of U.S. equity

1:15.1

outperformance is likely to end. So a lot can happen in a decade, a lot that we

1:21.6

can even imagine today today but when I think about the next decade in

1:26.6

global markets and equities in particular I think there is a very plausible scenario

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Goldman Sachs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Goldman Sachs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.