Goldman Sachs now expects the Fed to keep interest rates unchanged in 2026.

CITIC Securities says it maintains an AI + energy/chemicals allocation and advises prioritizing the value created by pullbacks in new energy, chemicals, nonferrous metals and power equipment, while overweighting low‑valuation brokerages and insurers. It highlights cyclical growth in the AIDC (AI data center) and lithium‑battery chains and recommends focusing on the most supply‑tight links: tin, tantalum, glass substrates, power semiconductors, diesel generator sets, gas turbines, carbon fiber and cables. For traditional cyclicals, it advises concentrating on products with genuine systemic capacity clearance or absolute supply constraints, such as polyester, spandex, phosphorus chemicals, MDI, dyes, glyphosate, rubber and refrigerants.

IATA says global airline fuel bill will reach $350 billion this year, up from $252 billion in 2025.