Weekly Market Monitor

Source: Goldman Sachs Investment Strategy Group and Goldman Sachs Asset Management. As of April 7, 2025.  Chart shows S&P 500 returns a year after a spike in the Policy Uncertainty Index. “Policy Uncertainty Index” refers to the US Policy Uncertainty Index. The US Economic Policy Uncertainty Index reflects the relative frequency of US newspaper articles that discuss economic policy uncertainty in that month. Signal dates defined as 5-day moving average of economic policy uncertainty index crosses above 300 for the first time in six months. A 300+ level in the index typically shows extreme policy uncertainty.  Past performance does not predict future returns and does not guarantee future results, which may vary. For illustrative purposes only.

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References to indices, benchmarks or other measures of relative market performance over a specified period of time are provided for your information only and do not imply that the portfolio will achieve similar results. The index composition may not reflect the manner in which a portfolio is constructed. While an adviser seeks to design a portfolio which reflects appropriate risk and return features, portfolio characteristics may deviate from those of the benchmark.

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Past performance does not guarantee future results, which may vary. The value of investments and the income derived from investments will fluctuate and can go down as well as up. A loss of principal may occur.

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