Investment Outlook 2026 Annual Investment Outlook: Resilience and rebalancing
We believe global equities may continue to rise in the new year, and we expect new opportunities to be unlocked as market leadership evolves.
December 1, 2025
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Markets and economy
Fresh perspectives on economic trends and events impacting the global markets.
Markets and Economy Market pullback: Healthy reset, not bursting stock bubble
The downturn was concentrated in mega-cap growth stocks, even though many had strong earnings. We see it as skepticism about lofty valuations.
November 17, 2025
Markets and Economy Tech selloff amplifies the case for diversification
Today’s artificial intelligence trade isn’t a bubble yet, in our view, but the best potential opportunities in stocks may be outside of mega-caps.
November 10, 2025
Markets and Economy US-China deal provides clarity, a December Fed cut looks uncertain
A US-China trade truce provides temporary relief for global supply chains, while the Federal Reserve asserts its independence.
November 3, 2025
Markets and Economy New inflation data doesn't change our expectations for Fed easing
While the one-off inflation report from the Bureau of Labor Statistics showed a 3% rise over the past year, we still expect rate cuts to continue.
October 27, 2025
Markets and Economy Fears of a credit crisis, AI bubble overshadow positive indicators
News of defaults and stress from certain US regional banks sparked fears of a credit crisis, but they appear to be isolated events.
October 20, 2025
Markets and Economy US-China tensions put a damper on stocks while gold rises
Trump threatened new tariffs on China, Japan’s election hit a hurdle, and UK regulators made it easier for people to invest in cryptocurrency ETFs.
October 13, 2025
Markets and Economy US government shutdown unlikely to materially impact markets
The US government shut down, while governments in Europe and Japan plan to increase spending, which may help support stocks.
October 6, 2025
Markets and Economy Stocks pause, but rate cuts, economic growth may provide support
The market environment is challenging, but growth and earnings data remained resilient. We expect markets to resume their climb of the “wall of worry.”
September 29, 2025
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