A reset is not the end of the AI story
A sharp selloff reignited fears of a bursting AI bubble. But in our view, we see a reset in one of the market’s strongest and most crowded trades.
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The Week in Markets
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Consensus · Bull case · Bear case · Drivers
Week of 5 November 2026
AI funding, Fed hikes and the midterms
While we wait for asset managers' commentary on the midterm results, three pieces lead this week's selection, picked from 177 published between 28 October and 3 November: the funding worries behind the AI sell-off, why Neuberger Berman still expects hikes after last week's central bank holds, and what history says about markets after the midterms. Below them is a short look at the redesigned Markets Recon website. Start…
Monthly Investment Insights, November 2026: Rotation amid resilient fundamentals
Tech stocks correct sharply while sector rotation supports the broader equity markets
Weekly market insights: Why the bull market may be changing, not ending
Market leadership has been shifting as AI spending faced scrutiny, but broader strength may give the bull market room to run despite some challenges.
Muzinich Weekly Market Comment: Something for everyone: politics, central banks and resilient growth
Last week gave every corner of the market something to digest: Lula’s surprise re-election, a hung parliament in Israel and Lagarde’s early exit from the ECB; three major central…
Balancing Act Monthly Insights: Global Multi-Asset (October 2026)
We maintained marginal overweights in both the growth and defensive scores this month. While we are positive on risk assets, we remain cautious about the ongoing volatility in the…
Market Review for October 2026
In October 2026, the Japanese equity market weakened, with the TOPIX falling 3.5% and the Nikkei 225 declining 5.2%, as rising oil prices, concerns over the sustainability of AI i…
Monthly market views: The tech divide, rising bond yields and China’s industrial renaissance
Key points Equity markets: The tech and non-tech divide Equity markets have diverged into two different worlds: tech and non-tech, with correspondingly different interactions with…
Weekly Comments on Credit: November 6, 2026
In the U.S. midterm elections, Democrats took back both chambers of Congress in a larger blue wave than markets were expecting. The outcome fueled expectations of a more constrain…
Market review and outlook
October continued to see share prices fall and inflation rise. Central banks left interest rates unchanged and bond yields fell from their September highs. Com…
2027 Investment Outlook – Asia Equities
In our 2027 outlook for Asia equities, we look at why AI, manufacturing and domestic demand matter, plus what earnings, valuations, and policy risks mean for s…
Q4 2026 Outlook: The Bond Squeeze
The AI trade continues to evolve, but is intact. Rising bond yields are appealing, but because of this are putting downward pressure on other parts of your por…
Q4 2026 Asset Allocation outlook: Navigating crosscurrents
Markets are being pulled between two powerful forces: the promise of an AI-driven productivity surge and the reality of an energy supply shock. We examine the…
Capital Market Assumptions - October 2026
Ninety One’s Capital Market Assumptions framework focuses on the key drivers of long-term performance. We do this to better understand possible future returns,…
Long-term asset class forecasts: Q4 2026
Our long-term asset class forecasts are forward-looking estimates of total return and risk premia for major asset classes. Read our update for Q4 2026.
Long-Term Capital Market Assumptions
The 30th annual edition explores how rising economic nationalism and fiscal activism create both challenges and silver linings for investors. Technology adopti…
CAPITAL MARKET ASSUMPTIONS - July 2026
Our latest Capital Markets Assumptions point to a familiar but important conclusion: we still see a narrower band of outcomes across asset classes, as centr…
Podcasts
See all podcasts- We Can Index That Podcast Episode: Eric Balchunas, Bloomberg Intelligence
- Front & Center Podcast: Episode 87 – Risk, Resilience, and the Human Side of Real Estate
- Managing your Practice Podcast Series
- Kepler Trust Intelligence podcast: Why China’s investment story may be changing
- Portfolio Intelligence podcast | Why AI is an infrastructure story
Podcast: Rates with Wayne Dahl
An exploration of what’s driving the rise in global interest rates and the resulting opportunities and risks for credit investors
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