Strong M&A momentum in 2026, with global deal value rising 15-40% year-over-year through the first half and megadeals exceeding prior records, underpins trader sentiment for acquisitions closing by year-end. Corporate balance sheets remain robust, private equity dry powder is ample, and a lighter U.S. regulatory stance has boosted large transactions, particularly in AI infrastructure, energy/utilities, and healthcare amid patent cliffs. AI-driven consolidation and power demand have lifted sectors like technology and renewables, while cross-border flows hit multi-year highs. Key near-term catalysts include potential follow-through on announced deals, FOMC policy signals, and sector-specific earnings that could accelerate or delay board-level decisions before the December 31 resolution window.