VanEck: Risk assets to rise in 2026 In 2026, U.S. fiscal and monetary policies will become clearer, with fiscal policy gradually stabilizing and deficits narrowing. Interest rates will remain stable, and there won’t be aggressive rate cuts. Coupled with asset valuation resets from late 2025, risk assets will enter an upward trajectory. AI, private credit, gold, India, and cryptocurrency are resetting into more attractive opportunities. The AI sell-off at the end of 2025 reset valuations, enhancing opportunities for AI and related themes like nuclear energy Gold continues to re-establish itself as a global monetary asset, with pullbacks offering better entry points After a tough 2025, BDCs now offer more attractive yields and valuations India remains a high-certainty growth story Cryptocurrency has long-term bullish prospects, but short-term signals are mixed Bitcoin’s traditional four-year cycle was disrupted in 2025, complicating short-term signals. Over the next 3-6 months, cautious observation is advised, but the long-term outlook remains positive.