KKR just released an 88 page report on their 2026 outlook for public and private markets
--> Have a look : https://x.com/BoringBiz_/status/2012531683484934157?s=20
- KKR's 2026 outlook report, summarized in this thread, draws parallels between the Nasdaq's post-ChatGPT surge and the 1990s Netscape IPO boom, signaling potential AI-driven market exuberance amid hyperscalers' record capex at 29% of US tech investment.
- Amid positives like global rate cuts and 38% above-trend US business formations, risks highlighted include rising high-yield defaults, low capital liquidity versus 2019 peaks, and elevated S&P 500 trailing returns historically curbing future gains.
- Global shifts noted feature Asia's intra-regional trade nearing 70% by 2030, China's outlier manufacturing GDP share, and NATO defense spending surges, urging a pivot to capital-light assets in a persistent higher-inflation regime.