What does 2026 really look like for investors?

In this first episode back for 2026, Talk Money To Me hosts Felicity Thomas and Candice Bourke break down what’s actually driving markets beneath the surface using institutional insights from global strategy teams across equities, credit, derivatives and China.

Markets may be broadening, but risks are shifting and in this episode we unpack what that means for portfolios.

In this episode we cover:

Why markets feel calmer but may actually be more fragile in 2026
The rotation away from the US and why China and Europe are back in focus
The next phase of the AI trade — and why it’s moved beyond mega-cap tech
How to think about copper, infrastructure and electrification as AI enablers
Why private credit and high yield could be the hidden risk this year
Why Europe, particularly banks and credit, is quietly well positioned
The key 2026 market catalysts to watch — from China’s NPC to US midterms
How UBS’s “10 Surprises” framework is already playing out in markets
What Felicity and Candice are actually doing in portfolios as a result

2025 was about chasing what worked.

2026 is about positioning for what’s coming next.

⚠️ Important Disclaimer

This podcast is for general information only and does not take into account your personal objectives, financial situation or needs.

While Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Limited (AFSL 236048), the information discussed in this podcast does not constitute personal financial advice or a recommendation to buy or sell any financial product.

You should consider whether the information is appropriate for you and seek independent professional advice before making any financial decisions.

Information is current as at the time of recording: 4th February 2026

📩 Contact & More Information

If you’d like to discuss any of the themes covered in this episode or understand how they may apply to your portfolio:

Visit: www.cftgroup.com.au
Or get in touch with Felicity Thomas or Candice Bourke cftgroup@shawandpartners.com.au

Follow Talk Money To Me on Spotify or Apple Podcasts, and share this episode with someone who loves their markets, macros and long-term investing conversations.

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2026 Investment Outlook📈: China, AI Rotation, Copper, Europe & the Hidden Credit Risks Investors Can’t Ignore

Talk Money To Me

2026 Investment Outlook📈: China, AI Rotation, Copper, Europe & the Hidden Credit Risks Investors Can’t Ignore