Our outlook for 2026 is based on the following factors that we believe are likely to impact investment returns:
- Fiscal and Monetary Policy
- Artificial Intelligence Investments and Commercialization of AI Applications
- Labor Market Conditions
- Inflation
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Disclosures: This commentary is provided for informational and educational purposes only and does not constitute investment advice, legal advice, tax advice, or a recommendation to buy, sell, or hold any security or investment strategy. The views and opinions expressed reflect the judgment of Howe & Rusling, Inc. (“H&R”) as of the date of publication and are subject to change without notice based on market, economic, or other conditions. This material is not intended to provide, and should not be relied upon for, individualized investment advice. Investment decisions should be based on an investor’s individual objectives, risk tolerance, financial situation, and time horizon. This material contains forward-looking statements, including forecasts, estimates, expectations, and opinions regarding economic conditions, monetary and fiscal policy, market trends, and investment outcomes. Forward-looking statements are not guarantees of future results and involve known and unknown risks and uncertainties that may cause actual outcomes to differ materially from those expressed or implied. There can be no assurance that any outlook, projection, or expectation discussed will be realized. References to specific securities, issuers, sectors, asset classes, factors (such as quality, volatility, or valuation), or market indices are for illustrative and educational purposes only and do not constitute investment recommendations or indicate that any particular investment was or will be profitable. The inclusion of such references should not be construed as a reflection of current or future portfolio holdings. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Equity investments are subject to market risk and volatility. Fixed income investments are subject to interest rate risk, credit risk, inflation risk, and liquidity risk. Changes in interest rates may adversely affect the value of fixed income securities. Diversification and asset allocation strategies do not ensure a profit or protect against loss in declining markets. Economic, market, and financial data referenced herein have been obtained from third-party sources believed to be reliable, including Bloomberg, the Bureau of Labor Statistics, the Federal Reserve System, Zillow, and other public and private data providers; however, H&R does not guarantee the accuracy, completeness, or timeliness of such information. Third-party data are the property of their respective owners and are used for informational purposes only. Indices referenced (including but not limited to the S&P 500 Index, Bloomberg U.S. Aggregate Bond Index, Bloomberg Municipal Bond Quality Intermediate Index, MSCI ACWI ex-USA Index, and Russell 3000 Index) are unmanaged, reflect reinvestment of dividends where applicable, and are not available for direct investment. Index performance does not reflect the deduction of advisory fees, transaction costs, or other expenses that would reduce returns. Any discussion of monetary policy, fiscal policy, regulatory developments, or political events is provided for general informational purposes only and should not be interpreted as a prediction of policy outcomes or market responses. Howe & Rusling, Inc. is an SEC-registered investment adviser. Registration with the Securities and Exchange Commission does not imply a certain level of skill or training
