Goldman's Hatzius and Kostin on Markets and Macro in 2025

In this episode of the Odd Lots podcast, Goldman Sachs' chief economist Jan Hatzius and chief U.S. equity strategist David Kostin share their insights on the economic landscape for 2025. They foresee ongoing economic growth, a slight dip in the S&P 500 multiple, and earnings growth as key drivers for market performance. While they maintain an optimistic outlook for 2025, they caution about the uncertainties that may arise from the new Trump administration's policies, especially regarding tariffs and their effects on inflation and economic growth. The discussion also touches on the enduring significance of mega-cap stocks, the limitations of economic sentiment surveys, and the potential long-term effects of AI on productivity.