Wall Street is waiting for an "unstable" year 2026 - Fortune

Fortune analysed the forecasts of the largest banks and brought down expectations for 2026 to one word - "unstable". Markets seem stable, but rely on a narrow range of factors, while geopolitical and monetary risks are growing.

JPMorgan is called the main source of AI uncertainty. Technology remains a powerful driver of growth, but a sharp increase in Big Tech's investment increases the risk of overheating of estimates.

Deutsche Bank adds that the pressure is increased by politics and macroeconomics: fragmentation in Europe, rivalry between the United States and China and the fragile labour market.

Bottom line: economies are holding on, but volatility and sudden changes of mood in 2026 are almost inevitable.

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