An Impossible Trinity

Lighthouse Canton Global Outlook for 2026

Consensus forecasts extrapolate three concurrent trends that may be internally inconsistent:

1 Continued earnings momentum driven by AI capex reaching $500B+ and robust corporate profitability

2 Accommodative monetary policy with central banks globally in easing mode

3 Fiat debasement from deficit spending supporting asset prices

Together, these trends imply smooth 10-15% equity returns. However, we question whether all three can coexist.

Download our comprehensive 2026 Global Outlook report

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