02.02.20262 min
10 things to watch in 2026!
If 2025 taught us anything, it’s the importance of separating market fundamentals from geopolitical noise. We present a structured calendar of the 10 most pivotal events for investors—from politics to artificial intelligence (AI) and natural resources—to help identify opportunities and key risks.
A year in which diversification remains your best ally
With a packed agenda in 2026, do not let headlines distract you from the bigger picture: remain diversified across geographies and asset classes, with gold, and select currencies like the yen offering interesting hedges. Although our base case firmly incorporates continued disinflation in 2026, US midterms stand out as a key date, with upside growth potential coming at the cost of additional inflation risk.
Fed: a risk that is likely overestimated
Concerns about the independence of the Federal Reserve (Fed) are potentially overstated, but recent news flow reinforces our cautious view on the USD for now. Europe could surprise both ways on the political front in 2026, while China’s “Two Sessions” present positive prospects.
AI remains a driving force in global markets
It is not geopolitics but artificial intelligence that remains the leading topic of discussion in the markets, with the results of major technology companies capturing attention, rather than fears of a speculative bubble.
Being prepared for the ‘unknown unknowns’: the key to a robust strategy
With “unknown unknowns”—a phrase famously coined by Donald Rumsfeld to capture the risks we cannot foresee— always shaping market dynamics, robust diversification remains the most effective strategy to safeguard portfolios and seize unexpected opportunities in 2026.
