Morgan Stanley – The BEAT Outlook, 2026

The BEAT 2026 Outlook is a monthly global market and asset allocation guide covering Bonds, Equities, Alternatives, and Transition assets.

It provides a comprehensive outlook on asset allocation, investment ideas, and market implications for investor portfolios. The report highlights fiscal policy benefits expected in 2026/2027, robust capital expenditure supporting GDP growth, a shift towards monetary easing due to softer labor markets, potential consumer tax savings, and a focus on higher productivity growth driven by deregulation and private-sector supply. Inflation and labor markets are expected to stabilize, with the Federal Reserve likely to cut rates despite inflation above target due to labor market dynamics.