A New Playbook for Equity Investors

The podcast explores the global equity outlook for 2026, focusing on market behavior, policy impacts, and investment opportunities. Andrew Slimmon suggests the market is in a late-cycle phase, influenced by both monetary and fiscal policies, favoring pro-cyclical areas like finance, industrials, and technology. Jitania Kandhari introduces the concept of "capped real rates" due to debt arithmetic, which supports market broadening beyond the mega-cap tech sector. This broadening is driven by the evolution of AI ecosystems globally and domestic cycles inflecting upwards in various regions. Both Slimmon and Kandhari highlight potential in non-U.S. markets, particularly Europe, emerging markets, and North Asia, citing cyclical changes and structural positives.