Risk Appetite Indicator Goldman Sachs’s Risk Appetite Indicator has climbed to its highest level since early 2025, as investors pile into riskier assets in search of steady returns. Image: Goldman Sachs Global Investment Research
Risk Appetite Indicator Level and Momentum Factors Goldman Sachs’s Risk Appetite Indicator shows investors remain comfortable taking on risk, chasing steady returns with few signs of overheating. Image: Goldman Sachs Global Investment Research
Risky vs. Safe Assets Fund Flows Investors’ continued tilt toward riskier assets signals growing confidence in the markets and the broader economic outlook, alongside a clear appetite for capital growth and higher returns. Image: Goldman Sachs Global Investment Research
Survey – Biggest Risks to Market Stability in 2026 A rare consensus is emerging among investors on what could shake markets in 2026. Deutsche Bank’s latest survey finds AI and tech bubble jitters leading the pack, overshadowing concerns about Fed autonomy and private credit stress. Click the Image to Enlarge
Sentiment – Risk Appetite and Expected U.S. Equity Market Performance Risk appetite is surging among U.S. equity fund managers, who are betting on robust returns, as optimism builds around rate cuts, economic momentum, and earnings strength. Image: S&P Global Market Intelligence
Global Risk Sentiment Indicators Sentiment indicators suggest a “Goldilocks” scenario for risk appetite—investors are moderately optimistic, cautiously taking on risk without exuberance. Image: TS Lombard
Equity Risk Premium and S&P 500 Valuations The current U.S. equity market’s expensive valuations are more grounded in earnings reality than during the late 1990s, but investors should remain cautious due to limited downside protection and valuations ranked at a high percentile. Image: Goldman Sachs Global Investment Research
S&P 500 Equity Risk Premium and Yield Gap With the S&P 500 equity risk premium at historically low levels, the current investment landscape presents significant challenges for equity investors. Image: Goldman Sachs Global Investment Research
S&P 500 Risk-Adjusted Returns The S&P 500’s risk-adjusted return in 2025 has been disappointing so far, reflecting a challenging market environment characterized by increased volatility and lower-than-average returns. Image: Goldman Sachs Global Investment Research
Risk-Adjusted Returns Across U.S. Equity Indices The S&P 500’s performance so far this year has been marked by relatively low returns and high volatility, leading to weak risk-adjusted outcomes and signaling a challenging environment for investors seeking favorable risk-reward balances. Image: Goldman Sachs Global Investment Research
Global Market Implied Equity Risk Premiums The low U.S. equity risk premium reflects a market where investors earn little to no additional expected return for taking on the higher risk of stocks compared to bonds. As a result, equity investing becomes more challenging. Image: Goldman Sachs Global Investment Research