2026 begins at full speed geopolitically, with U.S. intervention in Caracas and increasingly large protests in Iran. However, our focus here is not geopolitics, but economics.

As the year draws to a close, markets once again lost momentum, further illustrating that AI continues to be a central and powerful theme, but also a central theme, but also of heightened nervousness.

Artificial Intelligence is now capturing all the attention, and it has become increasingly difficult to ignore. The difference between AI and the internet craze, and it is a very important point, is that AI-related companies are making incredible amounts of money and are incredibly profitable. Valuations may be stretched, but these companies can at least be valued on something else than price to clicks, as was the case with internet companies back in the day.