ICM Monthly Outlook - July 2026

The first half of 2026 reinforced the importance of maintaining a long-term investment perspective. Despite heightened geopolitical tensions, evolving monetary policy expectations and ongoing market volatility, global equity markets continued to demonstrate remarkable resilience.

In our July Market Review, we examine the key themes shaping markets, including the implications of the Iran conflict, the AI infrastructure investment cycle, interest rate expectations and the U.S. political landscape, as well as the factors we believe investors should be watching during the second half of the year.

For a comprehensive analysis of the current market dynamics and future outlook, read the full market review here.