
Equities

What's the outlook for equities?
Explore and download our forecasts for major DM and EM equities indices and projected equities returns via this interactive dashboard.
Our Economists Recommend
The latest key insight, in-depth analysis and thematic research collections

Try for free
Experience the value that Capital Economics can deliver. With complimentary 2-week access to our subscription services, you can explore comprehensive economic insight, data and charting tools, and attend live virtual events hosted by our economists.
US tech to keep leading the way
The S&P is around its all-time high and while that raises the prospect of a serious correction should economic data sour, our sense is that investors’ optimism is largely justified as we don’t think a recession is a likely outcome. Indeed, we think the S&P 500 will rise to 7,250 by the end of 2026, outperforming most equity markets elsewhere in between now and then in common-currency terms.
Outside of the US, we expect the best performers over that period to be tech-heavy equity markets in Asia and the biggest laggards to be commodity-heavy indices.