π Last year Santa brought markets AI enthusiasm. What do you think Santa brings markets to ride in 2026?
The US economy just delivered a strong signal into year-end. GDP grew 4.3% annualized in Q3, the fastest pace in two years, supported by resilient consumers, solid business spending, and calmer trade dynamics.
Household spending rose 3.5%, led by services. Even with a higher cost of living, demand remains firm and continues to anchor growth.
At the same time, business investment is quietly doing the heavy lifting. Record spending on data centers and computing power shows that AI is no longer a narrative, itβs capex. According to BlackRock Investment Institute, the AI buildout could become one of the largest investment cycles in history, potentially USD 5β8 trillion globally through 2030. This is why βmicro is macroβ today, decisions by a handful of companies now directly influence GDP, productivity, and earnings.
ππ‘ππ ππ‘π’π¬ π¦πππ§π¬ ππ¨π« π¦ππ«π€πππ¬ π’π§ ππππ
Insights echoed market outlook suggest a shift from pure valuation expansion toward earnings-driven returns. The $SPX500 may face more volatility and rotation, but earnings growth, AI productivity, and capital investment remain key supports. This is a healthier setup than a liquidity-only rally, but it also means more dispersion and less forgiveness for weak balance sheets.
AI spending is front-loaded, while revenues come later. That creates constraints: energy supply, power grids, infrastructure, and financing. The opportunity set therefore broadens from AI platforms alone to energy, infrastructure, and selective credit, where real-world bottlenecks meet long-term demand.
π Merry Christmas! π... Show More
We use our own and third-party cookies on our websites to enhance your experience, analyze traffic, and for security and marketing. For more info, see our Cookie Policy or go to Manage Settings.
Privacy Preference Center
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.
More information
Manage Consent Preferences
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Cookie List
label
ConsentLeg.Interest
label
label
label
Mon Mar 16 2026 03:09:29 GMT+0000 (Coordinated Universal Time)
