This special episode marks the publication of our 2026 global outlook, which offers insights across public and private markets after another remarkable year for investors. Topics covered include:

AI-driven capital expenditure and rising government borrowing
What may need to happen to justify investor bullishness on AI
Concentration risk in US and global equity markets
Non-consensus market views for next year and beyond

You can read the foreword and access the entire report here, on our blog. During the episode, Sonja Laud, our global CIO, is joined by:

Christopher Jeffery, Head of Macro Strategy
Colin Reedie, Head of Active Strategies
David Barron, Global Head of Index and ETFs
Robin Martin, Global Head of Investment Strategy & Research, Private Markets

Our panel also share what they are planning to read, watch and listen to over the holidays.

The podcast was recorded on 9 December and was moderated by Max Julius, Head of Content.

For professional investors only. Capital at risk.

Is the golden era of American Judaism ending?