Where are fund managers most bullish for 2026? 🤔
Based on Markets Recon's review of ~250 asset manager outlooks for 2026, the most frequently mentioned overweight call was... GOLD 🥇 What else do asset managers like for 2026 portfolios? 📈 In Equities, it's AI 🤖, EM 🌍, and Japan 🇯🇵 stocks getting the most love. 📄 In Bonds, its EM Debt 🌎 and Securitised Debt 🧩. And in Private Markets, Infrastructure 🌉 is the most admired. Source: Stephen White, CAIA from Markets Recon
Anthropic plans to raise $10 billion at a valuation of $350 billion.
Source: Brew markets
The founder of the world's largest hedge fund just dropped his roadmap for 2026.
We ran it through Sidekick to break down the key takeaways and where he’s positioning as markets shift. Here’s the breakdown: Source: TrendSpider @TrendSpider
CONTRARIAN ALTERT >>>
BofA’s Bull & Bear indicator has moved into Extreme Bullish territory, rising to 8.5 from 7.9 and triggering a contrarian sell signal for risk assets. Readings above 8.0 have often preceded pullbacks, with global equities declining a median 2.7% over the following 2 months, with a 63% hit rate. Source; HolgerZ, BofA
Markets are more dovish than the Fed
Source: Bloomberg
How far can this go?
Investors are in "all-in mode", as NYSE available cash as a percentage of market cap has just reached its lowest level ever. Source: Guilherme Tavares i3 invest
Total Put/Call Ratio fell to 0.70 on Friday, one of the lowest levels in the last 4 years 👀
Source: Barchart
Before 2011, VIX never retraced 40% in two weeks…
It’s happened five times in the past twelve months. Source: The Market Ear @themarketear
