Our Bespoke Report – 2026 Global Macro Outlook is now available for Bespoke subscribers.  This report is a top-down perspective on the global economy and the big narratives driving financial markets around the world as we head in to the new year.

• The AI boom has been the most pivotal driver of markets in 2025, and we don’t see that changing next year…though there are some key hurdles being set up that promise to make the AI trade much more volatile.
• US labor markets weakened in the middle of the year. We have a clear view on where they head next year, as well as how that will inform the Federal Reserve’s rate path.
• Around the world foreign central banks are starting to hike. That’s despite economic weakness in China. We explore why hikes are coming and the implications for the US and other global markets.
• We also cover commodities, credit, and much more in this snapshot of what lies in wait during 2026.

You can read our 2026 Pros and Cons by signing up for a two-week trial to our Bespoke Premium plan.  You can review our membership plans here to help make your decision.