News
Investment Outlook July 2026
Markets have moved from an energy‑shock scare to a mid‑cycle recovery led by AI and resilient credit Inflation is still above target, but the worst of the spike has passed as energy supply normalises and the Iran–US “fragile peace” holds. We see a transition into a mid‑cycle growth phase that is supportive of diversified equities and credit, with cash and government yields staying relatively elevated. The picture in Australia is more likely slowing growth versus the US accelerating, Europe and China recovering but dependent on policy shifts.