Investment Watch is a quarterly publication produced by Morgans that delves into key insights for equity and economic strategy.
This publication covers
Asset allocation - Narratives change, cycles endure
Equity strategy - Managing through an uncertain backdrop
Fixed interest - Future of the hybrid market
Economics - Navigating higher rates and uncertainty
Banks - AI: Sell-off trigger or enhanced bull case?
Industrials - Volatility may throw up opportunities
Resources and energy - Inflation protection and a geopolitical hedge
Software and online media - De-rated, not defeated
Consumer discretionary - Headwinds pick up
Healthcare - Vital signs improving
Technology - De-rated, and misunderstood
Travel - Conflict a near-term headwind
Property - Stymied by the up-shift in rates
The global economy enters Q2 2026 facing a new test: the Iran conflict has introduced a layer of geopolitical uncertainty that has elevated oil prices, sparked volatility, and raised questions about the investment outlook.
The situation remains fluid and the range of outcomes is wide, with meaningful tail risks that warrant close monitoring. That said, our base
case is that this disruption is unlikely to derail the broader positive macro backdrop, and history suggests geopolitical shocks to markets tend to be short-lived, even if the path is uneven. The more durable forces shaping portfolios in 2026 remain: the AI-driven earnings cycle, a global interest rate cycle still tilted lower, and double-digit earnings growth across major markets.
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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