Authored by DWS’s CIO office, this quarterly edition sets out a cross-asset framework for navigating volatile markets while positioning for a still-supportive macro backdrop.
-
Despite sharp AI-driven rotations and policy uncertainty, the base case remains a Goldilocks scenario of steady growth, easing inflation, and accommodative monetary policy.
-
Equities retain upside support from AI investment and fiscal stimulus, though elevated valuations demand selectivity and regional diversification.
-
Bonds regain relevance through carry, while gold stands out as a hedge against fiscal deficits and de-globalisation.
How durable is rational exuberance as policy, valuations, and geopolitics converge into 2026?
Pour lire cet article, vous avez besoin d'un abonnement à Investment Officer. Si vous n'avez pas encore d'abonnement, cliquez sur 'Abonner' pour connaître les différentes formules d'abonnement.
