Goldman Sachs: US Pension Funds to Sell $33 Billion in Stocks

By EC Assets · Published 30 September 2026

U.S. pension funds are expected to divest $33 billion in stocks in the near term. This projection comes from Goldman Sachs. Large institutional investors are navigating varied market conditions this week as the month concludes. Goldman Sachs analysts have provided insights into several aspects of the U.S. economy and markets. The firm indicated that U.S. inflation figures are overstated. This overstatement is attributed to tariffs and distortions from AI data. This analysis has implications for Federal Reserve rate cuts and investors in 2026. Concerns regarding the U.S. economy may be overblown, Sachs. The firm suggests that common worries, including frothy valuations, are not as critical as some investors believe. Despite a decline in GDP growth from 2.1% in Q1 to a 1.5% annualized pace in Q2, private domestic demand has increased. July payrolls decreased by 23,000, and unemployment remained near 4.1%. Goldman Sachs also offered perspectives on energy markets. Strategists at the firm project that potential restrictions on U.S. diesel exports could add $0.30 per gallon to domestic retail gasoline prices. However, a U.S. diesel export ban would initially exert moderate downward pressure on diesel prices. Restrictions on exports, such as quotas, are considered plausible. Investment opportunities in U.S. Treasury notes are noted, with a strategist finding value at 5.25% yields. Investors have become accustomed to returns distorted by artificially low interest rates. More realistic returns are cited as 5% on bonds and 6% on stocks. This article is intended for informational purposes only. It does not constitute investment advice.