2026 has been marked by geopolitical shifts and heightened market volatility. In this Live Market Insights, the Wealth Management Investment Strategy Group (ISG) addresses three key topics important to investors: the macro and market implications of the Middle East conflict, the impact of artificial intelligence on the software sector, and concerns around the outlook for alternatives like private credit. ISG also shares whether their long-held investment themes of US Preeminence and Stay Invested remain intact. Find Private Wealth Management’s latest Insights on the markets and investing here: https://pwm.gs.com/nam/en-us/insights/markets-and-investing Date of recording: April 22, 2026 Alternatives may involve a substantial degree of risk, including the risk of total loss of capital, use of leverage, lack of liquidity, and volatility of returns. Private equity, private credit, private real estate, hedge funds, and alternative investments structured as private investment funds are subject to less regulation than other types of pooled vehicles. Review the Offering Memorandum, Subscription Agreement, and any other applicable offering documents for risks, potential conflicts of interest, terms and conditions and other disclosures. This material is intended for educational purposes only and is provided solely on the basis that it will not constitute investment advice and will not form a primary basis for any personal or plan’s investment decisions. While it is based on information believed to be reliable, no warranty is given as to its accuracy or completeness and it should not be relied upon as such. Information and opinions provided herein are as of the date of this material only and are subject to change without notice. Goldman Sachs is not a fiduciary with respect to any person or plan by reason of providing the material herein. Information and opinions expressed by individuals other than Goldman Sachs employees do not necessarily reflect the view of Goldman Sachs. Information and opinions are as of the date of the event and are subject to change without notice. Investment Strategy Group. The Investment Strategy Group (“ISG”) is part of the Asset & Wealth Management Segment of Goldman Sachs and is not a part of Goldman Sachs Global Investment Research. Information and opinions expressed by individuals other than Goldman Sachs employees do not necessarily reflect the view of Goldman Sachs. Goldman Sachs does not provide accounting, tax or legal advice to its clients.  ©2026 Goldman Sachs. All rights reserved.

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