Many Happy Returns 2026 Watchlist: Trends That Could Shape the Year Ahead
44 snips
Dec 31, 2025 Explore how AI is redefining hiring practices, leading to jobless growth and a potential K-shaped recovery. Delve into the implications of widening inequality and the political tensions that may arise. Discover investment opportunities in AI infrastructure and the challenges posed by energy needs in powering data centers. The discussion also navigates the dynamics of energy markets, the rally in precious metals, and the risks of inflation affecting interest rates. Will we see a true Roaring 20s, or just a grinding economy ahead?
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Energy As The Next AI Bottleneck
- AI's bottleneck may shift from chips to energy, cooling and grid capacity as data centres scale.
- Permitting and local grid constraints can slow data-centre rollout and cap growth.
Match Bond Duration To Purpose
- If buying bonds, match bond maturity to your time horizon and consider holding to maturity for safety.
- For hedging equities, prefer the belly of the curve to limit duration risk.
Eroding Trust In US Economic Data
- Confidence in US official data is under pressure from lower survey response and political interference.
- Reduced trust would raise risk premia and could erode US equity and Treasury valuations.
