January 7, 2026
Executive Summary
As 2026 begins, global markets appear positioned for continued, but more nuanced, progress across both equities and fixed income. Mainstream forecasts anticipate moderate appreciation in major equity markets, supported by resilient earnings growth and a cautious, data-dependent stance from central banks.
However, the investment backdrop is no longer shaped solely by economic growth and interest-rate policy. Record sovereign debt levels, declining confidence in political leadership, and intensifying geopolitical fragmentation are increasingly influencing capital flows and asset allocation decisions. These forces are contributing to heightened volatility, shifting correlations, and a renewed global interest in real assets, particularly gold and silver, as stores of value and policy hedges. In this environment, diversified portfolios, disciplined positioning, and active risk management become essential.
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Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management.
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