Jim Caron, CIO of the Portfolio Solutions Group, shares his macro thematic views on key market drivers.

In his 2026 Equity Outlook, Senior Portfolio Manager Andrew Slimmon suggests the Bull Market Isn’t Done Yet. Despite being late-cycle, 2026 looks positive for US equities—thanks to rate cuts, fiscal stimulus, and cautious sentiment.

Morgan Stanley Investment Management (MSIM) today announced its exchange-traded fund (ETF) platform surpassed $10 billion in assets under management. This milestone reflects strong investor appetite for MSIM’s active and systematic ETFs that can potentially help investors meet their goals while leveraging MSIM’s global investment capabilities.

Signs of excess in the AI space are appearing – and the market may be ripe for creative destruction in 2026. Thus far, vast amounts of capital have been spent funding a to-be-determined future revenue. We question how long the appetite for funding the hopes of future revenue will persist. Learn why in our 2026 Hedge Funds outlook.