As the second quarter closed, the U.S. economy continued to prove more durable than expected, even as the sources of growth narrowed. First-quarter GDP was revised up to an annualized 2.1%, supported by resilient business investment, government spending, and heavy capital deployment into AI and digital infrastructure. Globally, growth moderated but remained intact, with consensus near 3% for the year. The outlook increasingly rests on two questions: whether stability holds in the Middle East, and how long the AI investment cycle can sustain its current pace.
2nd Quarter 2026 Investment Newsletter
