A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman, on June 21, 2026. Photo: Shady Alassar, Anadolu AgencyThe momentum for stocks, especially high tech, continues. The mid-year returns are at or near double digits with Dow and S&P up 9 percent and the NAZ ahead 13 points. The Dow, now above 52,000, is at its 18th record high for the year.
AI continues to drive the tech sector and uplift many others tertiary beneficiaries including small caps. Earnings growth has remained high. Consumers seem to be absorbing the inflation and the disruption of the Iran War appears to be dissipated through off-and-on negotiations. In spite of the world economic edginess, many analysts remain reasonably optimistic for the rest of the year.
But the market is likely to remain volatile. Interest rates, the AI surge, its durability and costs, and oil prices are all subject to unpredictable economic and geopolitical factors.
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