J.P. Morgan – Investment Outlook 2026: Fuel in the Engine, Nov 2025

Summary

The outlook for global investment markets in 2026 focuses on economic growth fueled by fiscal and monetary stimulus across the US, Europe, and Asia.

Global markets remain resilient despite geopolitical tensions. Fiscal and monetary stimulus is driving growth, expected to continue and broaden across regions in 2026. Risks include inflation and asset bubbles due to abundant liquidity. The report outlines four strategic calls to action for investors, including navigating tech concentration carefully, diversifying selectively across global equities, embracing private markets, and protecting against derailment. US fiscal stimulus and Federal Reserve interest rate policies are key factors influencing the outlook, with uneven economic benefits across income groups and accelerating activity in continental Europe.

Region: Global

Published: January 2026

Author(s): J.P. Morgan

Language: English

Tech drivers: AI

Social drivers: Mindfulness Pandemics

Geopolitical drivers: Economic conditions Political instability and conflicts Regulatory changes Supply chains disruption Workforce availability

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