Global markets face rout as shocks collide with lofty valuations

2026-03-20 - 13:00

Mounting market turbulence in early 2026 reflects the convergence of three destabilising forces: a sharp energy shock driven by geopolitical conflict, accelerating AI-driven disruption across industries, and growing stress in the private credit market. While each risk may be manageable alone, their interaction at a time of elevated asset valuations raises the likelihood of a deeper and more systemic market correction.