This Goldman Sachs Exchanges interview podcast features Chief Investment Officer Sharmin Mossavar-Rahmani discussing Goldman Sachs Wealth Management's 2025 investment outlook. The conversation begins with an explanation of the report's title, "Keep on Truckin'," reflecting their continued belief in U.S. equities' dominance despite high valuations. Mossavar-Rahmani argues that current valuations aren't reliable predictors of future returns, citing strong U.S. GDP growth and earnings expectations as supporting factors for an 8% return on U.S. equities in 2025. The discussion also covers interest rate predictions, international market opportunities (highlighting the need for deeper analysis beyond superficial valuation metrics), and a cautious outlook on China and cryptocurrencies. The podcast concludes with advice on portfolio management, emphasizing the importance of a well-diversified strategic asset allocation with high-quality fixed income as the best hedge against volatility.
