insights.

How will 2026 contrast with this year’s macro volatility and market concentration? Across listed and private markets, we offer key investment convictions.

Fundamentals and technicals – like corporate earnings and investor positioning – reinforce our risk-on stance despite the risk of an AI bubble.  

Despite 2025’s strong market performance, we see positive reasons to remain invested in global markets, although pockets of exuberance lurk.

In this time of peak uncertainty, strategies focussed on carry, convexity and system changes can help investors stabilise portfolios.

Trends in AI capital spending and the positive impact of Fed rate cuts bolster the case for staying invested in 2025 despite strong market gains.

Markets have been surprisingly complacent about the impacts of Donald Trump’s tariffs. Could this change in Q3, or will they look through short-term setbacks?

Despite a turbulent first half, we expect economic growth to remain resilient; yet, looming risks could also precipitate a hard landing.

The market has had a strong rally, but risks remain – including unresolved trade tensions. How can investors navigate this complex environment?