2026 Global Investment Outlooks | New York Life Investment Management

As we enter the third quarter, investors are navigating a market shaped by resilient economic growth, evolving monetary policy, geopolitical uncertainty, and continued investment in artificial intelligence and infrastructure. While inflation and policy remain key watchpoints, improving macro fundamentals and long-term structural trends continue to create opportunities across public and private markets.

Drawing on perspectives from across our affiliated businesses, our Q3 2026 outlooks examine the themes shaping markets and investment opportunities across asset classes. Together, these insights highlight where active management, disciplined selection, and long-term thematic investing can help investors navigate an evolving market environment.

Fixed Income

MACRO OUTLOOK

Resilience, Tested

Despite higher energy prices, geopolitical tensions, and persistent inflation, the U.S. economy has remained resilient. As key headwinds begin to ease, investors should focus on the evolving balance between continued growth and lingering inflation risks.

4 MIN READ

MacKay Shields

GLOBAL FIXED INCOME OUTLOOK

Global Fixed Income Mid-Year Update

With yields still attractive but credit spreads offering little room for error, the second half of 2026 may reward disciplined duration positioning, high quality credit, and selective opportunities across emerging markets.

5 MIN READ

MacKay Shields

EMERGING MARKET DEBT OUTLOOK

Geopolitics on the Tightrope

Easing tensions in the Middle East have improved market sentiment, but geopolitical uncertainty, inflation risks, and divergent central bank policies continue to shape opportunities across emerging markets.

5 MIN READ

MacKay Shields

MUNI OUTLOOK

2026 Municipal Bond Market Insights – Discipline Drives Differentiated Results

Why disciplined credit research is becoming increasingly important in today's municipal market.

5 MIN READ

MacKay Shields

2026 Municipal Bond Market Insights – Discipline Drives Differentiated Results

CONVERTIBLE OUTLOOK

Convertible 3Q 2026 Outlook

AI related performance and record issuance have fueled a strong year for convertibles, but disciplined security selection remains critical as valuations become more demanding.

3 MIN READ

MacKay Shields

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Equities

EQUITY OUTLOOK

Signal in the Noise: Structural Tailwinds Driving Global Growth

Looking beyond short-term volatility to the structural forces reshaping global growth.

10 MIN READ

Ausbil Investment Management

Signal in the Noise: Structural Tailwinds Driving Global Growth

EQUITY OUTLOOK

What We Learnt from the AI SaaSpocalypse

Why established software companies may be better positioned for AI than many investors expect.

10 MIN READ

Ausbil Investment Management

What We Learnt from the AI SaaSpocalypse

EQUITY OUTLOOK

Essential Infrastructure: The HALO Assets of the AI Boom

AI's growth extends beyond technology. Explore how utilities, energy networks, and infrastructure assets can benefit from rising demand for power, data centers, and digital infrastructure.

10 MIN READ

Ausbil Investment Management

Essential Infrastructure: The HALO Assets of the AI Boom

EQUITY OUTLOOK

Above the Fray: The Structural Themes Driving Commodity Demand

How AI, energy security, and industrial policy are reshaping demand for critical commodities.

7 MIN READ

Ausbil Investment Management

Above the Fray: The Structural Themes Driving Commodity Demand

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Multi-Asset

MACRO PULSE

Mid-Year Outlook: Resilience Remains the Market Story

U.S. fundamentals, AI leadership, and solid earnings keep markets constructive, but persistent inflation and elevated rates make the path forward narrower and more dependent on profitable leaders.

5 MIN READ

Global Market Strategy

MULTI-ASSET OUTLOOK

Keep Calm and Carry on

As trade tensions, geopolitical risks, and shifting central bank policies continue to shape markets. A disciplined, diversified multi-asset approach remains key to navigating the second half of the year.

5 MIN READ

Candriam