The first half of 2026 had no shortage of reasons to be nervous. Geopolitical conflict sent oil sharply higher. Inflation proved stickier than expected. The Federal Reserve reversed course entirely on rate cuts. Through it all, markets rose sharply.
In my 2026 Midyear Market Update — Perspective — I cover what drove those results, how I am reading the economic environment, and how I am positioning portfolios heading into the second half. The environment is more complex than the headline numbers suggest, and I think the perspective inside is worth your time.