The last couple of years have been marked by disruption, acceleration, and divergence due to geopolitical tensions, inflation shocks, rapid interest-rate tightening, and concentrated market leadership. 2026 is shaping up to be a year of consolidation rather than acceleration – a year where investors pause, digest and plan. Rather than chasing new extremes, investors are likely to see capital rotate, fundamentals reassert themselves, and risk become more selective.

In this environment, consolidation is not stagnation – it is the market doing the necessary work of separating sustainable returns from excess, and positioning capital for the next phase of the cycle.

We will be applying for CPD.