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Quarterly Investment Update
Q2 2026: Half-time report
In the latest Quarterly Investment Update, Head of Market Analysis John Wyn-Evans discusses how the closure of the Strait of Hormuz kept inflation high in the first half of this year, but corporate earnings growth flowed freely.
John explains that:
• Massive capital spending related to AI sustained markets in the first half of 2026, during geopolitical turbulence and stubbornly high inflation.
• This boom has surpassed the US railroad and canal boom, the Roaring Twenties and the dotcom mania, so investors should take care.
• But major market setbacks are rare when earnings are rising this strongly.
Read the full review below:
