Skip to main content
logo
Log in
Welcome
Log in for exclusive access and a personalized experience
Log in
Hello
  • My collections
    View saved content and presentation slides
  • Accounts and documents
    Digital servicing offering for active investors
  • Log out
  • Funds
    Overview

    Fund Explorer

    • SICAVs
    • Exchange-Traded Funds
    • Liquidity Funds

    Fund Information

    • Regulatory Documents
    • Regulatory Updates
  • Investment Strategies
    Overview

    Investment Options

    • Alternatives
    • Beta Strategies
    • Equities
    • Fixed Income
    • Global Liquidity
    • Multi-Asset Solutions

    Capabilities & Solutions

    • ETFs
    • Global Insurance Solutions
    • Pension investment solutions
    • Outsourced CIO
    • The power of active
    • Sustainable investing
    • Fixed income
  • Insights
    Overview

    Market Insights

    • Market Insights Overview
    • Eye on the Market
    • Guide to the Markets
    • Guide to Alternatives
    • Investment Outlook 2026
    • Why Alternatives?

    Portfolio Insights

    • Portfolio Insights Overview
    • Alternatives
    • Asset Class Views
    • Equity
    • ETF Perspectives
    • Fixed Income
    • Long-Term Capital Market Assumptions
    • Sustainable Investing Insights
    • Strategic Investment Advisory Group

    ETF Insights

    • ETF Insights Overview
    • Guide to ETFs
  • Resources
    Overview
    • Center for Investment Excellence Podcasts
    • Library
    • Insights App
    • Webcasts
    • Morgan Institutional
    • Investment Academy
  • About us
    Overview
    • Diversity, Opportunity & Inclusion
    • Spectrum: Our Investment Platform
    • Our Leadership Team
  • Contact Us
  • English
  • Role
  • Country
Hello
  • My collections
    View saved content and presentation slides
  • Accounts and documents
    Digital servicing offering for active investors
  • Log out
Log in
Search
Menu
Search
You are about to leave the site Close
J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
CONTINUE Go Back

  1. Insights

  • LinkedIn Twitter Facebook
  • Markets
  • Portfolios
investment-outlook-2026-macro

 

 

 

Investment Outlook 2026

Fuel in the engine  

With policy and innovation powering the global economy, investors are on a journey full of promise and potential derailments. Read our Investment Outlook 2026 to discover how diversifying across regions and sectors, and preparing for inflation or asset bubbles can help navigate the twists and turns.
 

Explore

 

The Weekly Brief
Read now
Download

Our flagship Insights

Guide to the Markets

The J.P. Morgan Guide to the Markets illustrates a comprehensive array of market and economic histories, trends and statistics through clear charts and graphs.

Read more

Long-Term Capital Market Assumptions

Discover J.P. Morgan's Long-Term Capital Market Assumptions, drawing on the best thinking of our experienced investment professionals worldwide.

Read more

Guide to Alternatives

Get insights on macro topics such as manager dispersion, while also diving into real estate, private credit, private equity and hedge funds and more.

Read more

Market Commentary

Key questions shaping the outlook for AI megacaps

Uncover how AI megacaps are tackling innovation, business shifts, and future chip demand in a changing landscape.

Read more

UK Budget 2025: What to Expect from the Chancellor’s Fiscal Plans

Explore how the UK Chancellor must weigh tax increases against spending cuts to resolve a fiscal shortfall.

Read more

A weak UK economy is not a headwind for UK large caps

Explore how UK large-cap stocks remain a smart portfolio choice, thanks to international revenue streams, high dividend yields, and supportive policy trends.

Read more

The cost of holding cash in a volatile market

Is cash really king in today's volatile market? Discover why a diversified portfolio might be a smarter investment choice.

Read more

Understanding small cap valuations

Understand the drivers of small cap stock valuations and find out why small cap investing could offer attractive opportunities for long-term investors.

Read more

US tariffs: What to do and what not to do

Explore the potential impact of US tariffs on global markets, and learn how to build more resilient portfolios that can protect against varied risks and capitalise on opportunities amid the current economic uncertainty. Updated weekly.

Read more

A new path for the US dollar

Explore the factors behind the US dollar's recent peak valuation, find out why the dollar is expected to decline gradually from here, and discover strategies for managing currency exposures amid evolving economic and trade dynamics.

Read more

Rethinking equity income in volatile markets

Find out how regional diversification and income strategies—from the income available from dividend-paying stocks, or the additional income provided by premiums from covered call options—could help investors maintain a more defensive equity market exposure in the current volatile market environment.

Read more

A new supercycle – the clean tech transition and implications for global commodities

A forced and rapid energy transition is under way. Discover what impact this will have on commodity markets and clean energy investment opportunities.

Read more

Understanding the shifting risks of passive investing

Discover the risks of passive investing in today’s shifting economic and political tides, and how they influence portfolio returns.

Read more

How to invest in an age of tariffs and growing trade tensions

Find out how US tariffs may impact markets and learn strategies for investing during rising trade tensions. Explore inflation risks, market dynamics and the potential investment implications

Read more

Japan is changing – opportunities and risks for equity investors

Japanese equities are in the spotlight, but investors should be mindful of the risks as well as the opportunities

Read more

Sustainability and portfolio returns

Read about the complex issues at the heart of measuring the financial impact of ESG investing.

Read more

Featured Portfolio Insights

Global Asset Allocation Views 4Q 2025

U.S. and global growth look to be resilient in 2026. Our pro-risk tilt in portfolios is expressed through equities, while tight spreads keep us near neutral in credit. Big tech continues to lead in earnings and cash flow generation. We anticipate a weaker dollar and steeper yield curves.

Learn more

Factor Views 4Q 2025

Equity factors continued to diverge by region: U.S. equity value and quality were challenged by a speculative market tone, while international equity factors posted another strong quarter. Momentum and carry factors were all positive.

Learn more

Global Fixed income views 4Q 2025

Amid strong corporate balance sheets and global fiscal expansion, the U.S. is likely to avoid recession, although growth may slow. We approve Federal Reserve policymakers’ pause, given current uncertainties. We favor non-U.S. exposures, emerging market debt, AT1 securities and securitized credit.

Learn more

Emerging Market Debt Quarterly Strategy

Our quarterly EMD strategy report assesses the latest economic developments in emerging markets and sets out our base case scenario for the asset class.

Learn more

Global Equity Views 4Q 2025

Profits seem to be accelerating and 2026 looks solid. Many of our investors have become somewhat more cautious. We suggest diversifying from recent winners and focusing strongly on quality stocks, especially in the small cap space.

Learn more
J.P. Morgan Asset Management
  • About us
  • Investment stewardship
  • Privacy policy
  • Cookie policy
  • Sitemap
J.P. Morgan
  • J.P. Morgan
  • JPMorgan Chase
  • Chase

READ IMPORTANT LEGAL INFORMATION. CLICK HERE >

The value of investments may go down as well as up and investors may not get back the full amount invested.

Copyright 2025 JPMorgan Chase & Co. All rights reserved.