Morgan Stanley: These Are The 5 Themes That Will Drive Markets In 2026

By Michelle Weaver, thematic strategist at Morgan Stanley 

A core element of the research process is asking the right question at the right time. Each December, senior Morgan Stanley analysts from around the world gather to discuss the biggest questions their industries face and the debates that will shape returns in the years ahead. At our gathering this past week, five investment questions emerged that our teams will focus on next year.