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In this episode, Mark and Shani walk through Morningstar’s latest “Navigating Uncertainty” outlook to unpack what analysts are watching as we head into 2026. From the US dollar and currency hedging, to AI spending risks, to overlooked global opportunities in the UK, emerging markets and US small caps plus three Australian wide-moat stocks trading at rare discounts. This episode helps investors think clearly about the year ahead without overreacting. Most importantly, they remind investors that behaviour, not predictions, is what usually determines success. Get the latest news, including our newsletters for individual investors and financial professionals: https://www.morningstar.com.au/newsle... Access the Morningstar 2026 Outlook Report here: https://www.morningstar.com.au/market... ORDER Mark and Shani's New Book: https://amzn.to/46qMXAu Disclaimer: This video has been prepared for clients of Morningstar Australasia Pty Ltd and/or New Zealand wholesale clients of Morningstar Research Ltd. Any general advice has been provided without reference to your financial objectives, situation or needs. You should consider the advice in light of these matters and any relevant Product Disclosure Statement before making any decision to invest. To obtain advice for your own situation, contact a financial advisor. For more information please read our Financial Services Guide (or ‘FSG’) available at: www.morningstar.com.au/s/fsg.pdf or by calling us on 1800 03 44 55. By viewing this video you agree to the FSG being made available to you electronically via the Morningstar website or by contacting us for a copy. Past performance does not necessarily indicate a financial product’s future performance. #InvestingAustralia #FinancialSafety #RetirementPlanning #WealthProtection ##PassiveIncome #MorningstarAU #FinancialIndependence #investingaustralia #moneymindset #MorningstarAU #wealthbuilding #MoneyTips #FinancialLiteracy #PersonalFinance #FinancialFreedom #etfs #InvestmentStrategy #FinancialPlanning #smartinvesting #BehaviouralFinance #MoneyHabits #FinanceEducation #FundSelection #2026goals #podcast #financialadvice #2026motivation #asx #marketforecast