Market Outlook Q3 2026 – Global Macro & Equities | Swissquote

With geopolitical tensions easing and inflation pressures expected to moderate, the backdrop could become increasingly supportive for equities once again. Yet the leadership may begin to shift. Technology remains a powerful structural story, but AI adopters, emerging markets and value stocks could offer the next leg of the bull market. Meanwhile, SpaceX's inclusion in the Nasdaq 100, elevated institutional positioning and extreme enthusiasm in markets like Korea's Kospi are raising questions about late-cycle behaviour and whether parts of the market are becoming detached from fundamentals.

So where are the best opportunities for Q3? And what are the biggest risks investors shouldn't ignore? Watch the full episode to know more!