Month: August 2026

It has been an eventful first seven months of the year with a new conflict breaking out in the Middle East, an earnings boom led by an acceleration in AI infrastructure spending, and bond yields moving higher against a backdrop of solid economic growth, sticky inflation, and mounting deficits. In our 2026 Mid-Year Review, we discuss the forces that have shaped the equity market rally while sharing our outlook for the remainder of the year. (recorded on August 11, 2026)

At the headline level July was quiet, with the S&P 500 little changed, yet the month proved eventful. Leadership rotated violently, conflict between the US and Iran reignited energy risk, and the new Fed chair held rates steady over dissents favoring hikes, underscoring a market where resilient earnings are increasingly set against mounting fragility.