Despite some risks, 2026 could be a good year for investors.
András Loncsák, Chief Investment Officer of VIG Asset Management, shared his views on the expected investment environment for 2026, key risk factors, and possible scenarios in an interview on Millásreggeli, the morning show of radiocafé98.
During the conversation, he discussed how the most recent Fed decision may help support positive market sentiment and noted that while a so-called “Santa Claus rally” is still possible in December, the outlook for the coming year appears more complex.
The expected trajectory of 2026 will depend on several factors, with risks that should not be overlooked. Sovereign debt levels, AI-related capital expenditure, and optimistically priced U.S. equities could all have a significant impact on markets.
In the interview, András Loncsák outlined three potential scenarios – base, optimistic, and pessimistic – highlighting the sensitivity of the environment in which we are heading into 2026.
If you are interested in the details, listen to the full Hungarian interview from 58:19 in the Millásreggeli programme.
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