Creative disruption: Private markets in 2026

ClearBridge Investments: Higher yields appear less threatening when viewed against the resilient economic and earnings backdrop along with the green ClearBridge U.S. Recession Dashboard.

In this month’s Global Equity Pulse, Templeton Global Investments believes industrials may be poised for a cyclical recovery. Improving economic trends and long-term structural drivers are creating opportunities across select areas of the sector.

In August, the US dollar weakened modestly, sovereign bond yields generally rose, and emerging market hard-currency bonds gained. Inflation remained elevated but mixed across countries, while central bank commentary leaned hawkish despite few policy meetings. The Templeton Global Macro team believes global growth remains resilient, though geopolitical and trade uncertainty reinforce the need for country-specific analysis.