Monthly Market Update

Markets reached new highs in May as AI-led earnings growth outweighed geopolitical risk, while bonds recovered and commodities corrected amid easing energy concerns. Humanity survives another month by repricing risk, naturally.

March 2026 saw a sharp repricing of global risk as escalating conflict in the Middle East triggered a major energy shock, reignited inflation concerns, and weighed heavily on equities, bonds, and business sentiment.

February’s markets appeared strong on the surface, yet beneath the headline returns a growing divergence between regions, sectors and investment styles is reshaping the investment landscape.