Investing Newsletter - July 2026
Markets have been resilient despite a difficult backdrop. Growth has improved from late last year, but sticky inflation and weak consumer sentiment have kept uncertainty elevated.
Earnings have been the key support for stocks. Corporate results have generally come in better than expected, especially in areas tied to AI, technology infrastructure, energy, and business investment.
Bonds are offering more income, but not without volatility. Higher yields have improved the income opportunity, while inflation data, rate expectations, and government borrowing concerns continue to create price sensitivity.
The return of large IPOs requires discipline. SpaceX has brought renewed attention to public listings, but recent IPO history shows why investors should separate excitement around a company from the price being offered.