2026年第一季度新兴主题对未来的启示报告（英文版）.docxVIP

WhatQ1’semergingthemesmeanfor2026andbeyond

April2026

2

Contents

1.Whatthemesaredrivingmarkets?

2.Themarketimpactofspecificthemes

3.Investorpsychologyoverthelastquarter

4.HowQ1’sthemesfitinwithourmegatrendframework

5.Individualmegatrends:Therecentimpact

Thoughtexperiment

Thoughtexperiment

If,atthebeginningof2026,someoneaskedhowfartheSP500wouldfalliftheStraitofHormuzwasclosed,whatwouldyouhaveanswered?Probablymorethanthe6-7%peak-to-troughdropinQ1

Theresultreflectsnotjustthatcorporateearningsforec