Goldman Sachs’ latest client survey shows a positive outlook on equities heading into 2026. About 47% of respondents are slightly bullish on the S&P 500, while 14% are outright bullish.
Confidence in the U.S. economy is also strong, with 85% expecting real GDP growth between 1.5% and 3.5% next year.
However, sentiment on corporate bonds is more cautious, as most expect credit spreads to widen. Clients generally see lower Treasury yields ahead and remain divided on the outlook for AI investments.