Investment Watch is a quarterly publication delivering insights into equity strategy and economic trends. The Winter 2026 edition explores how the global economy enters Q3 2026 with the Iran conflict re-escalating, a reminder that the road to resolution is rarely straight. Markets have absorbed the renewed uncertainty better than many feared, reflecting the underlying resilience we have been backing all year.

Investment Watch is a quarterly publication produced by Morgans that delves into key insights for equity and economic strategy.

This edition arrives with the Iran conflict re-escalating, yet markets have absorbed the renewed uncertainty better than many feared. That resilience is why we stay the course. We see a strong second half for growth assets, powered by artificial intelligence, energy security and a global earnings cycle that keeps delivering.

The watchpoint is inflation. It is proving stickier than hoped, keeping interest rates higher for longer and rewarding investors who focus on income over speculation. We are optimistic, but clear eyed. The best returns in the second half will go to those who stay invested, stay diversified, and resist the temptation to sit on the sidelines.


Morgans clients receive exclusive insights such as access to our latest Investment Watch publication. Contact us today to begin your journey with Morgans.

      
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We've discussed the US budget deficit and its rising debt. Now, we’ll revisit the issue and explore how Elon Musk and Vivek Ramaswamy are tackling it with their Department of Government Efficiency (DOGE).
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Economics and markets
The process I follow begins with reviewing the outlook from the International Monetary Fund (IMF), then I run my models, and currently, I'm at the beginning of that process. I thought I'd share the IMF's base case outlook and where I might adjust it based on my models.
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J. Powell has stated that while the current level of US government debt is sustainable, the trajectory of that debt is not. This comment has sparked a discussion on how the Trump presidency, with its emphasis on cutting corporate taxes, will impact the US budget deficit.
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The easiest way to understand what central banks are doing is to look at employment growth. Let's look at what’s been happening this week and why the Reserve Bank of Australia held rates where they were.
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A roadmap of possible US election outcomes and their context versus market fundamentals. Given that parts of the market look abnormally stretched, we think it’s prudent that investors should have a plan should market uncertainty escalate.
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January 30, 2026
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November
2024
2024-11-01
min read
Nov 01, 2024
The Month Ahead: 3 Ways to Play AI
Alexander Mees (AR: 001289080)
Alexander Mees (AR: 001289080)
Head of Research
We recommend investors start making sense of AI by considering stock opportunities in three distinct areas: artificial intelligence, digital infrastructure, and data networks.
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Research
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