Market commentary 4th quarter 2026

Higher Interest Rates and the AI Boom: What’s Next for the Markets?

Higher interest rates, geopolitical uncertainty, and growing doubts about the AI boom are currently causing increased nervousness in equity markets. While we expect heightened volatility in the short term, we remain positive on equities over the medium term. Within the AI theme, we continue to focus on companies benefiting from the expansion of AI infrastructure, increasingly on successful adopters of AI, as well as on diversification opportunities that make portfolios more resilient.