Weekly Bottom Line

Escalating Middle East tensions pushed WTI crude to $90 Friday morning. Treasury yields also rose, with the 10-year briefly topping 4.7%.   The administration replaced the expiring 10% global Section 122 tariffs with Section 301 tariffs of 10% or 12.5% on imports from 60 economies, broadly preserving the existing tariff structure.   Markets favour no […]

Can Hyperscalers Earn Their AI Ambitions?

The first half of 2026 was a tale of two quarters for U.S. equity markets, as the S&P 500 experienced a drawdown of ~4.5% in the first quarter, followed by a ~15% rally in the second quarter. As investors look forward to the second half, the artificial intelligence (AI) trade remains top of mind, much […]