6 FOR 2026
Essential Questions for Investors
In our annual outlook, investment and market leaders across BNY
tackle six key questions we believe will define the year ahead.
Internet safety and fraud reminder
Recently, we have become aware of instances of unauthorized use of our brand names (such as BNY) and/or the impersonation of BNY’s leadership and employees by third parties purporting to offer financial services and requesting personal identification and banking information on social networks (e.g., Facebook), messaging applications (e.g., WhatsApp and Telegram), e-mails or telephone calls. These schemes are in no way associated with, licensed, sponsored or endorsed by BNY or its affiliates – BNY does not and will not solicit business or payment (in any form) through social networks, messaging applications, or telephone calls.
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2025 Q4 MACRO OUTLOOK
Vantage Point: Threading The Needle
Welcome to another edition of Vantage Point, the quarterly economic and markets outlook from the BNY Investment Institute.
Top picks
Chart of the week |
Macroeconomic
After climbing 17% year to date through late October, the S&P 500 declined 5% through November 20. We believe the market was due for a healthy correction. While further downside is possible, it would not concern us.
Article
Insight Investment senior portfolio manager Harvey Bradley takes an opportunistic and active approach to fixed income and makes the case for global exposure.
Article |
Equities
Direct-to-client (DTC) health platforms and personalized compounded treatments may become standard practice in the rapidly evolving obesity treatment market. Walter Scott investment analyst Dr Oriana Beaumont believes that Novo Nordisk’s recent changes will help position them to effectively compete in this exciting and vast market.
Report |
Macroeconomic
Checkpoints is a comprehensive monthly chartbook highlighting major top-of-mind themes that could shape financial markets in the near term. In addition to the broader macroeconomic discussion, Checkpoints delivers detailed views on major asset classes, including global equities, fixed income and real assets.
The value of investments can fall. Investors may not get back the amount invested.
Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.