With the start of 2026, shifting macroeconomic and market conditions are reshaping the investment landscape.
Rising economic nationalism is slowing globalization, broadly impacting global growth and inflation expectations. Deficit-financed fiscal stimulus continues to support economic growth, while also raising concerns about the scale and cost of outstanding debt. And thanks to artificial intelligence (AI) adoption, a technology-fueled capital investment boom is supporting business activity today and suggesting the possibility of productivity gains in the future.
Key takeaways
#1
Favorable macro conditions
Fiscal support, easing monetary policy and strong investment should offset modest headwinds, keeping growth positive and inflation in check.
#2
Stable public markets
Favorable capital investment and productivity trends bode well for sustained corporate revenue growth and strong margins.
#3
Crucial diversification benefits
High market concentration and valuations underline the need for active management and portfolio diversification across regions and asset classes.