Pete Hofstra kicks off the new year by reflecting on a turbulent 2025—where markets swung from tariff-driven volatility to finishing near all‑time highs. They argue that despite headlines and geopolitical shocks, equity valuations remain reasonable and not indicative of an imminent correction. Key 2025 themes like AI investment and gold strength continue to shape the outlook for 2026, with AI spending viewed as an essential, ongoing business requirement rather than a bubble. They highlight geopolitical risks, U.S. policy uncertainty, and mixed employment data as factors to watch but conclude that the overall setup for markets in 2026 remains stable, with no signs of extreme overvaluation or aggressive central bank tightening ahead.

CI Global Asset Management

CI Global Asset Management (CI GAM) is one of Canada’s largest investment management companies with more than 100 investment professionals—each with extensive expertise navigating multiple markets. We offer a unique, modern lineup of traditional and alternative strategies with the performance you need to help achieve your distinct goals.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.
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