At the outset of the third quarter of 2026, markets have rebounded, with the S&P 500 recovering all losses since the start of the conflict in the Middle East. Investors are now focused on what comes next and what it might mean for their portfolios. In a new video, Sofia Bonito, portfolio manager within Goldman Sachs’ Portfolio Management Group, discusses key macroeconomic factors that could impact the market in the months ahead. 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: June 29, 2026 Disclosures: This material represents the views of the Wealth Management Investment Strategy Group and is not a product of Goldman Sachs Global Investment Research (GIR). It is not research and is not intended as such. The views and opinions expressed by ISG may differ from those expressed by GIR, LP, or other departments or businesses of Goldman Sachs. Past performance is not indicative of future results which may vary. Any geopolitical, economic, or market views expressed in this video constitute the opinions of the speakers as of the recording date and should not be relied upon as predictions or guarantees of future events. This material is provided for informational and 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. Goldman Sachs does not provide legal or tax advice. Information and opinions expressed by individuals other than Goldman Sachs employees do not necessarily reflect the view of Goldman Sachs. This material may not, without Goldman Sachs' prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient. Services offered through Goldman Sachs & Co. LLC. Member FINRA/SIPC. © 2026 Goldman Sachs. All rights reserved.

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