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      "Insert a 1-page '2026 in one chart / our three convictions' thesis slide as p.4 so the deck leads with an answer before opening the data book",
      "Rewrite topic titles into declarative action titles — e.g. 'Labour market' → 'Labour market is loosening: unemployment up to 4.3%'; 'U.S. equities: AI capex' → 'AI capex hit $798bn, now the dominant earnings driver'",
      "Add five section divider slides (Macro, Regional, Equities, Fixed Income, Portfolio) each carrying a one-sentence pillar thesis so MECE structure becomes visible",
      "Replace the appendix-only ending with a 'Portfolio implications' summary slide tying the long-term-investing argument from p.72–77 into 3 explicit allocation takeaways"
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      "No opening thesis — slides 1–3 are Cover/Team/TOC and slides 4+ jump straight into data; the reader never learns what JPM believes about 2026",
      "No closing recommendation — the deck dribbles into appendix and disclosures (p.78–81) with no allocation view, no 'what to do', no CTA",
      "Zero section dividers across 81 pages, so pillar structure is invisible and the reader must infer transitions from slide-title prefixes",
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