Please stay tuned for important disclosure information at the conclusion of this episode.

Welcome to Investing Insights. I'm your host, Ivana Hampton. A shift in mindset can help investors cope with market uncertainty.

2025 was a case study in the futility of trying to predict the market.

Wall Street had lofty expectations for stocks entering the year.

Then the tariff shock in April rattled the market and many firms lowered their annual

stock forecast in response.

They later raised them after stock prices rebounded.

With the new year on the horizon, Morningstar's new global investment outlook is offering

investors' tactics to whether whatever the future may hold.

You will hear conversations with Morningstar strategies and analysts on this podcast about key challenges facing investors in 2026.

Dan Kemp is kicking off our series, the chief research and investment officer with Morning Star Investment Management in Europe is one of the major driving forces behind the report.

Welcome back, Dan.

I've had it. It is great to be back. It's great to be with you. Thanks for having me back on.

For sure. Now, we typically talk about your market's brief column, but today we're focusing on Morningstar's

2026 Global Investment Outlook. The theme is preparing for what comes next.

What will investors looking for ways to cope with uncertainty find in this in-depth report?

Thanks.

What they'll find is a framework rather than a forecast.

We know that markets are inherently uncertain. So

pretending that we, instead of pretending that we can forecast the future, what we've done in the

report is answer the key questions that we're hearing from advisors and investors and helping them think through

some of these challenges in the year ahead.

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