Investment outlook 2026

The surge of enthusiasm surrounding artificial intelligence in today’s equity markets bears unmistakable similarities to the dot-com boom of 2000–2001. In both eras, investors became enthralled by a transformative technology that promised to reshape entire industries. In the late 1990s, the internet was expected to reinvent commerce, communication, and business models. Today, generative AI inspires […]

The artificial intelligence boom of recent years has been fueled by the data center investments of hyperscaler companies – Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Microsoft Corporation, and Oracle Corporation – and their latest earnings results have once again confirmed the accelerating pace of the AI race. Hyperscalers are the largest operators of IT […]

Decades of constitutional fiscal restraint served as Germany’s anchor. Yet, as 2025 ends, crisis has shattered this bedrock.  Driven by energy costs still 30% above 2021 levels the competitiveness of German industry is in serious jeopardy. Germany now faces the bill for decades of underinvestment. Obsessed with maintaining rigid fiscal austerity, Berlin ignored eroding infrastructure […]