After sluggish job growth in 2025, investors are looking for signs that the labor market may be stabilizing. With consumer spending driving 70% of economic activity, an improving labor market is essential to sustaining economic growth.

The artificial intelligence investment narrative is becoming more nuanced. After several years of unprecedented capital spending by the world’s largest technology companies, investors are no longer debating AI’s theoretical potential.

The 2026 edition of our 10-Year Capital Market Assumptions (CMAs) offers our projections for asset class returns, volatilities and correlations over the coming decade.

Rising tensions in the Middle East have sent shockwaves through global energy markets, lifting oil and fuel costs and putting pressure on supply chains. While the U.S. is better insulated than in past oil shocks, it is not immune. Over the longer term, shifting global energy dynamics may create opportunities in U.S. energy infrastructure and natural gas.