There are two key drivers. US growth is projected to remain above trend for the first three quarters of the year, underpinned by ongoing artificial intelligence investment and a strong fiscal impulse. “The AI story is still very much intact,” she says, pointing to over US$500 billion ($639 billion) in capex from hyperscalers this year.
Just when the market thought 2025 had been turbulent, 2026 is expected to be just as unsettled, if not more so. Even so, opportunities remain for investors who stay disciplined and anchored to sound fundamentals.
“We are still talking about a very constructive backdrop,” says Raisah Rasid, global market strategist at JP Morgan Asset Management (JPMAM). “So it’s still quite risk-on, we think it’s very constructive for risk assets at this point.”
