Global Dynamics & Market Outlook 2026: Tariffs, Tailwinds, and the Truth About AI, 24.11.2025
Members event
date & time
24/11/2025 6:30.7:30 pm EEST
Join for a timely webinar exploring the forces shaping today’s global markets. With the U.S. adopting a more assertive tariff strategy, trade policy is once again becoming a major lever of geopolitical influence—reshaping supply chains, investment flows, and the competitive landscape for both developed and emerging economies. We will unpack what is driving this shift, why tariffs are returning as a policy tool, and how they are reverberating across global markets.
The session will also identify three key tailwinds that continue to support equity markets despite macro uncertainty, highlighting where investors may find structural strength in 2025.
Finally, we will address one of the most debated questions of the decade: is AI in a bubble, or are we only at the beginning of a long-term productivity supercycle? Drawing on market data, sector trends, and historical analogs, we will examine what’s real, what’s hype, and what it means for capital allocation going forward.
Your speaker
Phil Mackintosh, Senior Vice President, Nasdaq Chief Economist
Phil Mackintosh is the Chief Economist and a Senior Vice President at Nasdaq. He manages Nasdaq’s microeconomic research to encourage capital formation and increase investor returns through better market structure. His weekly newsletter, Market Makers, is read by more than 55,000 subscribers and covers topics ranging from IPO markets, ETF trading, retail investor activity, and more.
Phil’s ability to simplify the complicated and explain what the economic data really means is highly regarded. He is frequently a featured speaker at conferences and often speaks with the media on macroeconomic themes and outlooks.
Phil joined Nasdaq in 2018, bringing over 30 years of financial, operational and trading experience. He has held senior trading and research roles at KCG/Virtu Financial, Credit Suisse and County Investment Management. He started his career at KPMG and is also a Chartered Accountant.