2H playbook - stick with the winners

研报英文原文证据摘录

2H playbook - stick with the winners

Goldman Sachs Asian Equity Perspectives

8. Catalysts

While the second half may have its share of surprises, there are several categories of

events that investors can anticipate which will likely impact market performance. First,

2Q earnings results, which occur during July-August, will help investors gauge the

extent to which current positive momentum can continue. Second, central bank policy

meetings will show whether the shift towards tightening will extend. Third, geopolitics

will remain influential, notably how the US/Iran negotiations unfold and President Xi’s

planned state visit to the US. Fourth, the US midterm elections may influence the US

equity market’s performance leading into and post the event, which may have spillover

effects into Asian markets. Last, capital market activity may impact performance, in

terms of the primary issuance calendar and the timing of when stakeholder selling

restrictions expire.

Exhibit 33: 2H events to monitor include earnings results, central bank policy meetings, geopolitics, elections, and

capital market activity

Calendar

Month Market Local or multinational events/Elections/Government changes and meetings

2026 H2

Jul - Sep

Jul 28 - 29 USA FOMC Meeting

Jul 31 Japan BOJ Meeting

Jul China Politburo meeting on economic policies

Jul - Aug Asia Pacific 2Q earnings reporting season

Aug Global Jackson Hole Economic Policy Symposium

Sep 12-13 India 18th BRICS Summit (India)

Sep 15 - 16 USA FOMC Meeting with Summary of Economic Projections

Sep 18 Japan BOJ Meeting

Sep 24 China/USA President Xi's planned state visit to the USA (Trump-Xi Summit)

Oct - Dec

Oct 12 Global 2026 IMF/World Bank Group Annual Meetings (Thailand)

Oct 27 - 28 USA FOMC Meeting

Oct 30 Japan BOJ Meeting