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IC Outlook - Q1 2026

Kristal's 2026 outlook frames a market where growth and volatility coexist, arguing that resilient, multi-region portfolio architecture beats single-scenario forecasting.

Sachin Nikhare

Kristal Investment Committee

31 Jan

A river that keeps moving

In his letter from the CIO, Kristal founder and global chief investment officer Asheesh Chanda opens with Heraclitus: no one steps in the same river twice. A year ago, markets drowned in tariff fears, with recession probabilities touching 60% and the S&P 500 surrendering most of its gains. By autumn, the same current that threatened to overwhelm portfolios had carried them to record highs.

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