We think equities will post solid gains in 2026, supported by incremental improvement in the global economy, continued liquidity support by the Fed, a broadening out in earnings growth and structural tailwinds from AI. We are not concerned that domestic monetary conditions are at odds with other developed economies. We think this translates into a less positive dynamic rather than a large negative dynamic. Australian investors can expect to see an "average" year of returns, but given elevated volatility, these gains may appear very hard to come by. Hear from Ten Cap's CIO as he outlines his views for the 2026 macro backdrop.
