JPMorgan strategists flagged 19 software companies, including Microsoft and CrowdStrike, as having strong enterprise moats and positioned to benefit from AI-driven workflow improvements. They argue the recent selloff has pushed the sector into oversold territory, creating conditions for a rotation back into higher-quality SaaS names with multi-year contracts and high switching costs.

In its 2026 market outlook, JPMorgan forecasts a modest U.S. dollar decline, smaller and more contained than in 2025, while maintaining its primacy as a global reserve and funding currency. The bank warns that inflationary or disorderly policy choices could pose risks, but sees a softer dollar as an opportunity to drive allocations toward emerging markets and commodities.