Equity Research 18 December 2025 Americas Tactical Playbook 4Q25: Riding the AI Wave As we enter 2026, AI is reshaping the global economy, driving trillions in investment and transforming industries. Alongside this, easier financial conditions are fueling growth and opportunity, setting the stage for dynamic change. With this in mind, we highlight 50 names across three themes. Macro Overview When thinking about the critical drivers of risk assets and the economy at large heading into 2026, AI stands head an ...