Key themes in 2026 will be shifting geopolitics, AI’s investment leadership, energy and data center demand, and private credit liquidity risks.
The U.S. remains a core market for investors seeking growth, but at a higher cost.
AI firms far outpace other companies when it comes to investments and research, and this could lead to 20% higher earnings growth for AI firms in 2026 according to MSCI.
Electricity demand for data centers and AI-optimized servers will grow substantially faster than the broader electricity market.
Private credit write-downs are raising questions about whether semi-liquid funds can withstand mounting credit quality and liquidity pressures.
