Financial markets navigated a sharp shift in macro conditions during the second quarter, moving from an environment dominated by geopolitical disruption to one increasingly driven by momentum. This led to a shift away from energy stocks, which dominated first-quarter performance, toward technology and the AI complex. Focus shifted from hyperscalers to perceived chokepoints in the AI supply chain.
3rd Quarter 2026 Market Commentary
Financial markets navigated a sharp shift in macro conditions during the second quarter, moving from an environment dominated by geopolitical disruption to one increasingly driven by momentum. This led to a shift away from energy stocks, which dominated first-quarter
performance, toward technology and the AI complex. Focus shifted from hyperscalers to perceived chokepoints in the AI supply chain.
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