Market Update – November 2026
The economy kept its momentum in October. US growth reached its fastest pace in a year, inflation edged higher, and oil climbed again as tensions around the Strait of Hormuz flared up.
Market Update – October 2026
A year ago, investors were asking how quickly interest rates would come down. September answered a different question. Inflation, which was supposed to keep fading, proved stubborn, and oil climbing back above 100 dollars a barrel made it harder still to bring down.
Market Update – September 2026
August was a month of loud headlines and quiet markets. The Strait of Hormuz stayed at the center of the global risk equation, Brent held near USD 92, and the Fed, the ECB and the BoJ all maintained their positions.
Market Update – August 2026
July looked calm from a distance and was anything but underneath. Headline indices barely moved, yet the makeup of the market changed.
Market Update – July 2026
June rewarded patience over prediction.
The Iran ceasefire pulled the Middle East risk premium out of oil and gold almost as fast as it went in, and risk sentiment came back with it. Stocks rallied on the relief, with European equities rallying the most since the region is more exposed to oil prices.
Market Update – June 2026
On the surface, markets looked fine: indices near record highs, earnings strong, the kind of numbers that make it tempting to stop asking questions. But the more you look at what drove those returns, the less straightforward the picture becomes.
