Despite some financial market choppiness, the outlook in our February webcast remains positive, supported by central bank rate cuts, fiscal stimulus and continued AI investment. U.S. dollar softness reflects mixed implications for competitiveness and inflation. In short, this month brings both opportunities and complexities. Join us as we examine the key themes: Positive growth outlook: The economic outlook for 2026 and potentially 2027 remains constructive, supported by central bank rate cuts across developed markets, government fiscal stimulus and significant AI capital expenditure. The combination of rate cuts with growing economies creates a somewhat rare and supportive environment for both economic growth and stock markets. AI and productivity gains: AI investment is expected to contribute to economic growth and productivity gains, particularly in the years ahead. Despite concerns about labour market disruptions, the net impact is viewed as more supportive of growth than adverse. Markets in rotation? Financial markets have shown choppiness, with mega-cap tech stocks no longer the sole driver of market gains. A rotation toward cyclicals and defensive stocks suggests the market is finding new engines for growth, though this brings additional question marks around big tech valuations. U.S. dollar dynamics: There has been U.S. dollar softness as a theme, particularly over the last month, though it's debatable whether that's negative or positive. Geopolitical and trade developments: Busy U.S. foreign policy activity includes the developing Greenland situation – which may have lasting repercussions. The upcoming USMCA trade deal negotiations are expected to intensify as mid-2026 approaches. All this and more in this month's webcast.