Insight
Allview: Market Risk Monitor
Each month, Allspring’s Investment Analytics team assembles a top 10 list of market risks that it believes could potentially influence investment portfolios.
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Authors
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Investment Analytics Team
5/11/2026
5 min read
Topic
Risk Management
Key takeaways
- Geopolitical risks continue to dominate the top of our list, with three of the top four market risk concerns focused on military conflicts.
- Remaining at #2 is the risk that “bond vigilantes” may begin to demand materially higher interest rates for U.S. government debt. These levels are now approaching $40 trillion. Longer-term, higher levels of inflation may also warrant a refactoring of bond yields.
- New to the list at #7 is a risk related to the current artificial intelligence (AI) capital expenditure super-cycle. Markets tend to underestimate how important new technological developments will be at the beginning of a cycle and overestimate how long the good times will last near the end of the cycle. We think there is a medium probability that we are in an AI infrastructure bubble that could pop within the next 12 months.
This material is provided for informational purposes only and is intended for retail public distribution in the United States. Use outside the United States is for professional/qualified investors only.
Diversification does not ensure or guarantee better performance and cannot eliminate the risk of investment losses.
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