Frank Kelly’s Geopolitical Week Ahead | December 14, 2025

By: Francis (Frank) J. Kelly

Europe steps up efforts for a Ukraine peace deal, Russian President Putin holds his annual call-in show, Chile holds its presidential election runoff, and EU and major central banks meet on interest rates

AI – the power of large numbers

We believe that artificial intelligence will continue to drive the markets in 2026 – both positively and negatively. Its possibilities remain exciting. But investors will become more selective.

The worrying 'K' on the U.S. stock market

The operating profits of the S&P 500 and overall economic profits are decoupling

Critical technologies and Germany’s next industrial revolution

By: Michael Lewis, Ian Bigelow

As a gateway to Europe, Germany offers ideal conditions for the emergence of a “New Mittelstand” of companies whose technologies are increasingly vital to achieve Europe’s policy goals.

U.S. unemployment steady, nerves frayed

A widening gap between official data and worker sentiment points to the power of technological anxiety.

Americas CIO View

A.I. is growing quickly and is very hungry: S&P firms provide the essentials 

APAC CIO View

By: Ivy-sw Ng, Tommy Law

ASEAN Developing Countries: Resilient Growth thus far

Rational Exuberance

2026 may be a good year for risky assets

Tequila sunrise

10 Themes - #9: Diversification today

Planning scenarios, managing risks and seizing opportunities

Mr. Market…Is That Really You?

By: Robert Bush

"One must change one’s tactics every ten years if one wishes to maintain one’s superiority" - Napolean Bonaparte

China’s 5-Year Plan: Innovation Overdrive?

The Communist Party’s latest 5-year blueprint puts technology and productivity in the spotlight.

3rd Quarter 2025 Market Update: Views on Germany

By: Hansjoerg Pack

10 Themes - #8: U.S. dollar under pressure, but that’s not the end

The greenback is caught between tactical shifts and structural anchoring.

The great net income divergence, revisited

For over a decade, the S&P 500’s net income growth has outpaced Europe’s Stoxx 600. But signs of change are emerging beneath the surface.