Goldman Three Favorite Trades For 2026

While there’s a lot to get through, as Goldman's Tony Pasquariello noted in his first report of the year, the overarching theme is that the macro backdrop remains conducive for stocks in 2026. Goldman economists expect another year of sturdy global growth of 2.8% in 2026 vs consensus at 2.5%, forecasting continued economic expansion in all regions combined with further modest (and nont so modest) easing by the Fed. 

For the second year in a row, Goldman remains most optimistic on US growth (vs the rest of the world), forecasting 2.6% growth vs consensus at 2.0% on the back of reduced tariff drag, tax cuts, and easier financial conditions (note the direct effect of AI investment on GDP growth is not included as another reason for strength).